Nickel rose to 14,935.88 USD/T on June 24, 2025, up 0.65% from the previous day. Over the past month, Nickel's price has fallen 3.73%, and is down 13.00% 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 June of 2025.

In May 2024, the price of one metric ton of nickel stood at some 19,586.98 U.S. dollars. In comparison, in December 2016, the price of nickel was just below 10,000 U.S. dollars per metric ton. Thus, the nickel price has increased considerably in recent years, though it continuously fluctuates. In 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 300,000 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 52,179 U.S. dollars per metric ton in May 2007. Since then, nickel prices have decreased, and have remained between a low of 8,299 U.S. dollars per metric ton and a high of 18,584 U.S. dollars per metric ton between 2016 and 2021. It is forecast that the price of nickel will amount to more than 17,000 U.S. dollars per metric ton in 2025.

Graph and download economic data for Global price of Nickel (PNICKUSDQ) from Q1 1990 to Q1 2025 about nickel, World, and price.

In recent years, nickel prices have hit some of their all-time highest numbers, at an average of almost 26,000 U.S. dollars per metric ton throughout 2022. This was driven by a large spike in prices at the end of that year, where they peaked at 31,275 U.S. dollars per ton in mid-November. The recent surge in nickel prices has been driven by several factors, including disruptions to Russia's (the world's third-largest nickel producer) export industry following its invasion of Ukraine. Additionally, demand for nickel has grown alongside the growth of lithium-ion battery production, driven by the growth of the electronic car market. However, these recent peaks are still well below the all-time annual high of more than 37,000 U.S. dollars in 2007, where low international supply coupled with high demand from China's stainless-steel manufacturing industries caused prices to soar.

In 2022, Indonesia produced the world's largest share of nickel from mines, at 48.6 percent. Philippines had the second-largest production volume that year, at a distant ten percent of world mine production. The global mine production of nickel stood at around 3.3 million metric tons in 2022.

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 Apr 2025 about nickel, mills, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Cobalt traded flat at 33,700 USD/T on June 5, 2025. Over the past month, Cobalt's price has remained flat, but it is still 24.13% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cobalt - values, historical data, forecasts and news - updated on June of 2025.

LME Index rose to 4,156.90 Index Points on June 23, 2025, up 0.65% from the previous day. Over the past month, LME Index's price has risen 1.15%, but it is still 0.10% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on June of 2025.

Molybdenum fell to 469 CNY/Kg on June 24, 2025, down 0.42% from the previous day. Over the past month, Molybdenum's price has risen 0.54%, but it is still 4.77% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Molybdenum - values, historical data, forecasts and news - updated on June of 2025.

Lean Hogs rose to 102.69 USd/Lbs on June 9, 2025, up 0.06% from the previous day. Over the past month, Lean Hogs's price has risen 4.47%, and is up 11.32% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lean Hogs - values, historical data, forecasts and news - updated on June of 2025.