Nickel rose to 17,215 USD/T on March 27, 2026, up 0.29% from the previous day. Over the past month, Nickel's price has risen 0.06%, and is up 4.97% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on March of 2026.

Graph and download economic data for Global price of Nickel (PNICKUSDM) from Jan 1992 to Feb 2026 about nickel, World, and price.

In February 2026, the price of one metric ton of nickel stood at some ****** U.S. dollars. By comparison, in December 2024, the price of nickel was just below ****** U.S. dollars per metric ton. Nickel prices have generally decreased considerably in recent years, though they continuously fluctuate. At the beginning of 2022, however, the price of nickel skyrocketed due to disruptions to supply chains and a wide scarcity of raw materials and metals. Overview of nickel Discovered in 1751, nickel is a base metal with a silvery-white lustrous appearance that has a slightly golden tinge. The metal is crucial for many global industries, especially, for example, for the production of stainless-steel. Nickel is highly corrosion-resistant and is used to plate other metals in order to protect them. Because of these useful traits, nickel is used in more than ******* products worldwide, spanning from architectural, industrial, military, transportation and aerospace, marine, currency, and consumer applications. Nickel price dynamics Though nickel is the fifth most abundant element found on Earth, as with any commodity, the price of nickel can vary widely depending on global market conditions. Following the collapse of the Soviet Union, exports of nickel increased dramatically, dropping the price of nickel in the mid-1990s to below production costs. Nickel production in the Western Hemisphere was reduced during that period. Prices then increased again, up to a high of ****** U.S. dollars per metric ton in May 2007. Since then, nickel prices have decreased, and have remained between a low of ***** U.S. dollars per metric ton and a high of ****** U.S. dollars per metric ton between 2016 and 2021. It is forecast that the price of nickel will amount to more than ****** U.S. dollars per metric ton in 2025.

Nickel prices in , February, 2026 For that commodity indicator, we provide data from January 1960 to February 2026. The average value during that period was 9378.67 USD per metric ton with a minimum of 1631 USD per metric ton in January 1960 and a maximum of 52179.05 USD per metric ton in May 2007. | TheGlobalEconomy.com

View monthly updates and historical trends for Nickel Price. Source: World Bank. Track economic data with YCharts analytics.

LME Nickel USD Prices data, recent 6 years (traceable to Jan 02,2020), the unit is USD/t, latest value is 14300, updated at Dec 15,2025

Graph and download economic data for Global price of Nickel (PNICKUSDQ) from Q1 2003 to Q4 2025 about nickel, World, and price.

Global nickel prices in the first quarter (Q1) of 2023 stood at ****** U.S. dollars per metric ton. Since then, they have steadily declined, reaching approximately ****** U.S. dollars per metric ton of nickel in Q2 2025.

Monthly Nickel prices measured in USD per metric tonne (mt).

This statistic depicts the average monthly prices for nickel from January 2014 through June 2025. In June 2025, the average monthly price for nickel stood at ********* nominal U.S. dollars per metric ton.

CN: Transaction Price: Nickel, No 1: Xiamen data was reported at 9.600 10TH RMB/Ton in Dec 2013. This records an increase from the previous number of 9.510 10TH RMB/Ton for Nov 2013. CN: Transaction Price: Nickel, No 1: Xiamen data is updated monthly, averaging 13.670 10TH RMB/Ton from Mar 2003 (Median) to Dec 2013, with 116 observations. The data reached an all-time high of 44.500 10TH RMB/Ton in Apr 2007 and a record low of 7.500 10TH RMB/Ton in Nov 2003. CN: Transaction Price: Nickel, No 1: Xiamen data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Nickel Price.

In 2024, nickel had an average price of approximately 16,814 U.S. dollars per metric ton, a decrease of more than 4,000 U.S. dollars compared to the previous year. Top nickel producing regions In 2024, Indonesia produced the largest volume of nickel from mines in the world, totaling an estimated 2.2 million metric tons, while the Philippines produced 330,000 metric tons. Norilsk Nickel (also known as Nornickel) from Russia is one of the largest producers of nickel in the world. One of its largest mining operations is located in northern Russia within the Norilsk-Talnakh area. Nickel life cycle Nickel is a lustrous metal and is used for various applications, such as in plating metals, due to its resistance to corrosion. Nickel is not mined directly but is extracted from ores such as iron ore limonite, from which the metal can be extracted through roasting and reduction processes. Most often, nickel is used as part of nickel steels, including stainless steel, in alloys, and in electroplating. The worldwide consumption of nickel exceed three million metric tons in 2024. Historically, nickel has been used since 3500 BCE as a natural nickel-iron alloy.

CN: Transaction Price: Nickel, No 1: Hefei data was reported at 9.750 10TH RMB/Ton in Dec 2013. This records a decrease from the previous number of 9.780 10TH RMB/Ton for Nov 2013. CN: Transaction Price: Nickel, No 1: Hefei data is updated monthly, averaging 12.520 10TH RMB/Ton from Feb 1998 (Median) to Dec 2013, with 171 observations. The data reached an all-time high of 43.900 10TH RMB/Ton in Apr 2007 and a record low of 5.100 10TH RMB/Ton in Mar 2003. CN: Transaction Price: Nickel, No 1: Hefei data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Nickel Price.

Nickel powder prices in the third quarter showcased a mixed trend in the US market amid the rising fears of recessions. According to market participants, LME

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes (WPU102504) from Jan 1971 to Feb 2026 about nickel, mills, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

LME Nickel 3M Futures Prices data, recent 6 years (traceable to Jan 02,2020), the unit is USD/t, latest value is 14295, updated at Dec 15,2025

An interactive chart illustrating Nickel prices have dropped sharply since 2022

SHFE Nickel Prices (1M) data, recent 11 years (traceable to Mar 27,2015), the unit is CNY/t, latest value is 112290, updated at Dec 16,2025

CN: Transaction Price: Nickel, No 1: Nanning data was reported at 12.600 10TH RMB/Ton in Dec 2013. This records an increase from the previous number of 12.500 10TH RMB/Ton for Nov 2013. CN: Transaction Price: Nickel, No 1: Nanning data is updated monthly, averaging 14.000 10TH RMB/Ton from Mar 1998 (Median) to Dec 2013, with 183 observations. The data reached an all-time high of 47.000 10TH RMB/Ton in Apr 2007 and a record low of 7.500 10TH RMB/Ton in Aug 2002. CN: Transaction Price: Nickel, No 1: Nanning data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Nickel Price.

SHFE Nickel Prices (6M) data, recent 11 years (traceable to Mar 27,2015), the unit is CNY/t, latest value is 113510, updated at Dec 16,2025