Nickel rose to 15,420 USD/T on October 3, 2025, up 1.05% from the previous day. Over the past month, Nickel's price has risen 1.05%, but it is still 13.88% lower than a year ago, 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 October of 2025.

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

Graph and download economic data for Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining: Copper Ore and Nickel Ore (PCU2122302122304) from Dec 2003 to Sep 2020 about zinc, lead, nickel, ore, copper, mining, metals, PPI, industry, inflation, price index, indexes, price, and USA.

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Copper and Nickel Ores (WPU102102) from Jun 1988 to Sep 2020 about ore, copper, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2023, supplies from abroad of nickel ores and concentrates was finally on the rise to reach 1.8K tons for the first time since 2020, thus ending a two-year declining trend.

After starting the period with a peak of just above *********** British pounds, the value of nickel ore and concentrate exported worldwide by the United Kingdom dramatically decreased in the following years. As of 2023, the export value of these products amounted to ****** British pounds.

The estimated production value of nickel ore in the Philippines reached approximately ***** billion Philippine pesos in 2023. The production value of nickel ore fluctuated during the observed period, with the lowest value recorded in 2016.

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.

United States - Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining: Copper Ore and Nickel Ore was 321.00000 Index Dec 2003=100 in September of 2020, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining: Copper Ore and Nickel Ore reached a record high of 484.50000 in July of 2011 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining: Copper Ore and Nickel Ore - last updated from the United States Federal Reserve on September of 2025.

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.

Explore the factors shaping London Metal Exchange nickel ore prices, including rising demand from the EV sector, supply restrictions due to geopolitical and environmental issues, and macroeconomic influences. Understand the complex dynamics affecting nickel valuation and trading in the global commodities market.

The average nickel ore export price stood at $6,765 per ton in May 2025, with an increase of 4.6% against the previous month.

Nickel Mines stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Indonesia Mining Production: Value: Nickel Ore data was reported at 11,077.302 IDR bn in 2015. This records a decrease from the previous number of 24,377.223 IDR bn for 2014. Indonesia Mining Production: Value: Nickel Ore data is updated yearly, averaging 4,222.808 IDR bn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 24,377.223 IDR bn in 2014 and a record low of 1,423.861 IDR bn in 2009. Indonesia Mining Production: Value: Nickel Ore data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAE002: Mining Production.

Indonesia Mining Production: Usage: Export: Value: Nickel Ore data was reported at 963,769.000 USD th in 2014. This records a decrease from the previous number of 1,685,248.000 USD th for 2013. Indonesia Mining Production: Usage: Export: Value: Nickel Ore data is updated yearly, averaging 133,258.000 USD th from Dec 1998 (Median) to 2014, with 17 observations. The data reached an all-time high of 1,685,248.000 USD th in 2013 and a record low of 46,527.000 USD th in 1999. Indonesia Mining Production: Usage: Export: Value: Nickel Ore data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAE004: Mining Production: Usage.

The Philippines exported approximately **** billion U.S. dollars worth of nickel ores and concentrates in 2023, indicating a slight drop from the previous year. Nickel is the country's main mineral export product.

Nickel Ore Market Outlook

The global nickel ore market size was valued at approximately USD 35 billion in 2023 and is anticipated to reach around USD 50 billion by 2032, growing at a CAGR of 4.0% during the forecast period. This growth is driven by the increasing demand for nickel in various industrial applications, including stainless steel production and battery manufacturing, especially with the burgeoning electric vehicle (EV) market. The rising emphasis on renewable energy and electric mobility has further spurred the demand for nickel, creating promising opportunities for stakeholders within this market. Additionally, the strategic initiatives by key players to enhance nickel extraction and processing technologies are expected to bolster market growth.

The growth of the nickel ore market is significantly influenced by the expanding stainless steel industry. Stainless steel, which represents the largest application segment for nickel, is an essential material used across a multitude of industries, including construction, automotive, and consumer goods. The superior properties of stainless steel, such as corrosion resistance and high strength-to-weight ratio, make it a preferred choice, driving its demand. This, in turn, fuels the consumption of nickel, which is a crucial alloying element in stainless steel production. Furthermore, rapid urbanization and industrialization, particularly in emerging economies like China and India, are contributing to the escalating demand for stainless steel, thus positively impacting the nickel ore market.

Another significant growth factor is the surge in electric vehicle (EV) production, which has increased the need for high-performance batteries. Nickel-metal hydride and lithium-ion batteries, commonly used in electric vehicles, rely heavily on nickel for enhancing energy density and performance. The global shift towards clean energy solutions and stringent regulations aimed at reducing carbon emissions have accelerated the adoption of electric vehicles. As a result, the demand for nickel, especially in battery manufacturing, is witnessing a substantial rise. This trend is expected to continue in the coming years, thereby providing a robust impetus to the nickel ore market.

Technological advancements in mining and ore processing technologies are also pivotal to the growth of the nickel ore market. Innovations such as hydrometallurgical processes and advancements in extraction techniques have improved the efficiency of nickel ore processing, reducing operational costs and enhancing yield. These developments are crucial in meeting the global demand for nickel while addressing the challenges of environmental sustainability. Furthermore, ongoing research and development activities aimed at finding novel uses for nickel in emerging applications are likely to create new growth avenues for the market, underpinning its long-term expansion.

Regionally, the Asia Pacific region holds a significant share of the nickel ore market, driven by the large-scale stainless steel production and battery manufacturing activities in China and Indonesia. China's dominance in steel production and its strategic investments in nickel-rich regions further augment the demand for nickel ore. Indonesia, with its abundant nickel deposits, has become a focal point for mining activities and investments in nickel processing facilities. North America and Europe also present promising opportunities owing to the growing adoption of electric vehicles and advancements in aerospace technologies. However, strict environmental regulations and mining restrictions pose challenges that may affect market dynamics in these regions.

Deposit Type Analysis

The nickel ore market is segmented into sulphide and laterite deposits, each with distinct characteristics that influence their extraction and processing methods. Sulphide deposits are typically found underground and require sophisticated mining techniques. These deposits are known for their higher nickel content and are often easier to process, making them a preferred choice for nickel extraction. The technological advancements in sulphide ore processing, such as froth flotation and smelting, have significantly enhanced the recovery rates and purity levels of extracted nickel. The relatively lower operational costs and higher efficiency associated with sulphide deposits continue to drive their demand in the market.

Laterite deposits, on the other hand, are located closer to the earth's surface and are primarily found in tropical regions. These deposits contain nickel as part of complex mineral assemblages, requiri

In February 2025, the average nickel ore import price amounted to $129 per ton, which is down by -49.9% against the previous month.

PPI - Copper Ore and Nickel Ore - Historical chart and current data through 2020.