Nickel fell to 14,879.88 USD/T on December 3, 2025, down 0.20% from the previous day. Over the past month, Nickel's price has fallen 1.20%, and is down 7.47% 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 December of 2025.

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 May 2024, the price of one metric ton of nickel stood at some ********* U.S. dollars. In comparison, in December 2016, the price of nickel was just below ****** 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 ******* 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 , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 9344.52 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.

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 and long-term nickel price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

In September 2022, the nickel ore price stood at $87.8 per ton (CIF, China), falling by -6.4% against the previous month.

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: Wuhan data was reported at 9.900 10TH RMB/Ton in Dec 2013. This records an increase from the previous number of 9.660 10TH RMB/Ton for Nov 2013. CN: Transaction Price: Nickel, No 1: Wuhan data is updated monthly, averaging 12.500 10TH RMB/Ton from Feb 1998 (Median) to Dec 2013, with 184 observations. The data reached an all-time high of 44.500 10TH RMB/Ton in May 2007 and a record low of 5.400 10TH RMB/Ton in Feb 2000. CN: Transaction Price: Nickel, No 1: Wuhan 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 April 2023, the Nickel price stood at $34,215 per ton (CIF, Poland), registering a decrease of -7.8% compared to the previous month.

Transaction Price: Nickel, Number 1: Shijiazhuang data was reported at 14.670 10TH RMB/Ton in Mar 2004. This records a decrease from the previous number of 15.530 10TH RMB/Ton for Feb 2004. Transaction Price: Nickel, Number 1: Shijiazhuang data is updated monthly, averaging 11.000 10TH RMB/Ton from Feb 1998 (Median) to Mar 2004, with 65 observations. The data reached an all-time high of 15.800 10TH RMB/Ton in Jan 2004 and a record low of 5.750 10TH RMB/Ton in Jul 1999. Transaction Price: Nickel, Number 1: Shijiazhuang 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.

Transaction Price: Nickel, Number 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. Transaction Price: Nickel, Number 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. Transaction Price: Nickel, Number 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.

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.

In May 2025, the average nickel import price amounted to $15,891 per ton, dropping by -3.1% against the previous month.

In February 2023, the nickel price amounted to $29,090 per ton (CIF, India), growing by 7.3% against the previous month.

Transaction Price: Nickel, Number 1: Hangzhou data was reported at 9.650 10TH RMB/Ton in Dec 2013. This records a decrease from the previous number of 9.660 10TH RMB/Ton for Nov 2013. Transaction Price: Nickel, Number 1: Hangzhou data is updated monthly, averaging 12.700 10TH RMB/Ton from Feb 1998 (Median) to Dec 2013, with 183 observations. The data reached an all-time high of 44.200 10TH RMB/Ton in Apr 2007 and a record low of 5.000 10TH RMB/Ton in Mar 2002. Transaction Price: Nickel, Number 1: Hangzhou 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.

This statistic shows a forecast of the London Metal Exchange's cash price of nickel from 2015 to 2020. In 2020, it is predicted that the price of nickel will increase over ****** U.S. dollars per metric ton worldwide. Nickel is most commonly used for making steels, nonferrous alloys, and electroplating. It is also common in both industrial and commercial products.

China Settlement Price: Shanghai Future Exchange: Nickel: 1st Month data was reported at 117,380.000 RMB/Ton in 02 Dec 2025. This records an increase from the previous number of 117,230.000 RMB/Ton for 01 Dec 2025. China Settlement Price: Shanghai Future Exchange: Nickel: 1st Month data is updated daily, averaging 107,630.000 RMB/Ton from Mar 2015 (Median) to 02 Dec 2025, with 2599 observations. The data reached an all-time high of 263,290.000 RMB/Ton in 25 Mar 2022 and a record low of 62,400.000 RMB/Ton in 15 Feb 2016. China Settlement Price: Shanghai Future Exchange: Nickel: 1st Month data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price: Daily.

In March 2025, the average nickel export price amounted to $22,017 per ton, increasing by 7% against the previous month.