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 February 2025, the average nickel export price amounted to $16,608 per ton, approximately mirroring the previous month.

In 2021, the Canadian nickel market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Nickel consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

In 2022, Newfoundland and Labrador shipped some 683 million Canadian dollars in value of nickel. Nickel is used extensively as part of stainless-steel and corrosion-resistant alloys.

In February 2025, the average nickel ore import price amounted to $15,963 per ton, increasing by 45% against the previous month.

Copper, nickel, lead and zinc mining play a vital role in Canada's economy, positioning it among the world's top ten producers of these metals. As the prices of these metals are subject to global market conditions, there can be significant volatility in revenue and profit. While the world prices of copper, nickel and lead have seen overall growth over the past five years, more recent years have seen prices decline from the relative highs they reached amid the supply chain issues that arose in the wake of the COVID-19 pandemic. Zinc and lead production, long accounting for a minority of industry revenue, has steadily declined, with lead production, largely a byproduct of zinc production, set to reach zero in 2025. Overall, revenue is expected to have declined at a CAGR of 6.4% to $9.4 billion through the end of 2025, including a 2.7% slump in 2025 alone amid falling metal prices. Environmental concerns have fueled the need for domestic and international copper and nickel. These metals are pivotal in producing various clean energy technologies like electric vehicles, wind turbines and solar panels. Given their high conductivity, copper and nickel are critical components for these innovative products. The need for these metals will surge as Canada transitions toward greener technology. Looking ahead, industry revenue is set to climb at a CAGR of 2.6% to $10.6 billion by the end of 2030. Improvements in market conditions for copper and nickel will help buoy revenue, while continued declines to already diminished zinc production will have a small impact on overall industry revenue. Increased government funding for infrastructure projects is set to stimulate growth in downstream markets, creating a heightened need for copper and nickel. The depreciation of the Canadian dollar will make domestic metals more competitively priced for foreign countries, leading to a potential rebound in exports and providing an extra boost to industry revenue. Nonetheless, despite these positive developments, the challenge of imports remains a concern for domestic mines.

Canada Mineral Shipments: Value: Nickel: Concentrates data was reported at 351,672,000.000 CAD in Feb 2025. This records an increase from the previous number of 223,429,000.000 CAD for Jan 2025. Canada Mineral Shipments: Value: Nickel: Concentrates data is updated monthly, averaging 298,611,786.000 CAD from Jan 2020 (Median) to Feb 2025, with 59 observations. The data reached an all-time high of 568,002,824.000 CAD in Mar 2022 and a record low of 85,840,080.000 CAD in Jul 2020. Canada Mineral Shipments: Value: Nickel: Concentrates data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.C026: Mineral Shipments: Metallic.

Canada Import Value: HS: Nickel: Plate, Sheet, Strip and Foil, Not Alloyed data was reported at 205.297 CAD th in Jan 2025. This records an increase from the previous number of 1.807 CAD th for Dec 2024. Canada Import Value: HS: Nickel: Plate, Sheet, Strip and Foil, Not Alloyed data is updated monthly, averaging 80.533 CAD th from Jan 1988 (Median) to Jan 2025, with 445 observations. The data reached an all-time high of 9,869.543 CAD th in Oct 2005 and a record low of 0.083 CAD th in Jul 2024. Canada Import Value: HS: Nickel: Plate, Sheet, Strip and Foil, Not Alloyed data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

Learn about the nickel export prices from Canada in December 2022, including prices for major external markets, and notable growth rates for supplies to Japan.

Canada Export Price Index: Customs: sa: MM: MO: Nickel Ores & Concentrates data was reported at 42.000 2007=100 in Sep 2018. This records a decrease from the previous number of 42.500 2007=100 for Aug 2018. Canada Export Price Index: Customs: sa: MM: MO: Nickel Ores & Concentrates data is updated monthly, averaging 38.100 2007=100 from Jan 1997 (Median) to Sep 2018, with 261 observations. The data reached an all-time high of 141.700 2007=100 in Mar 2007 and a record low of 30.500 2007=100 in Mar 2009. Canada Export Price Index: Customs: sa: MM: MO: Nickel Ores & Concentrates data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I029: Export Price Index: 2007=100.

Canada IPPI: Intermediate: Goods: First Stage: Primary Metal: Nickel data was reported at 127.000 2002=100 in Oct 2013. This records an increase from the previous number of 125.800 2002=100 for Sep 2013. Canada IPPI: Intermediate: Goods: First Stage: Primary Metal: Nickel data is updated monthly, averaging 109.500 2002=100 from Jan 1986 (Median) to Oct 2013, with 334 observations. The data reached an all-time high of 496.300 2002=100 in Mar 2007 and a record low of 50.300 2002=100 in Oct 1993. Canada IPPI: Intermediate: Goods: First Stage: Primary Metal: Nickel data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I016: Industrial Product Price Index: 2002=100.

Canada Nickel-copper Market is expected to grow during 2025-2031

Statistics illustrates prices of nickel; other articles thereof n.e.s., cloth, grill and netting, of nickel wire in Canada from 2007 to 2024.

Canadian metal producers have benefited from growing economic uncertainty and rising prices as consumers seek safer investments, such as gold and silver. Similarly, growing manufacturing and construction activity following the initial stages of the pandemic caused the price of other metals, including copper and nickel, to skyrocket, enabling refineries to pass down cost increases to buyers. However, refineries have been negatively impacted by normalizing economic conditions and falling metal prices, which place downward pressure on revenue. Growing vertical integration trends have enabled Canadian metal producers to become more competitive by lowering purchase costs and making refineries more profitable. However, for refiners who are unable to achieve vertical integration, they face significant input price volatility. This volatility, combined with high import penetration due to competitive price-cutting, has forced refiners to absorb the price increases, compressing profit. These trends are estimated to raise revenue at a five-year CAGR of 3.3% to $21.2 billion through the end of 2025, with a 7.1% increase estimated for the current year. Refineries in Canada are being increasingly threatened by the rising import penetration, which results in prominent price competition. The lower operating costs and fewer environmental regulations in foreign countries, such as China and Cuba, give importing refiners an advantage over domestic producers by enabling them to offer lower prices. The value of the loonie has remained somewhat stable over recent years, preventing domestic producers from gaining an advantage over foreign producers. However, the weakening demand for nonferrous metals has strained trade activity. Economic conditions are forecast to continue recovering, resulting in weakening metal prices and, therefore, weakening revenue. Stabilizing economic conditions will boost demand from the construction and manufacturing sectors and weaken demand for jewelry and investment metals. The value of the loonie is expected to remain mostly unchanged, enhancing competition from lower-priced imports. As a result, revenue is estimated to drop at a five-year CAGR of -0.6% to $20.5 billion through the end of 2030.

Canada Import Value: HS: Nickel: Plate, Sheet, Strip and Foil, Alloyed data was reported at 4,258.075 CAD th in Feb 2025. This records an increase from the previous number of 2,742.112 CAD th for Jan 2025. Canada Import Value: HS: Nickel: Plate, Sheet, Strip and Foil, Alloyed data is updated monthly, averaging 1,604.735 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 6,182.112 CAD th in Feb 2013 and a record low of 377.490 CAD th in Sep 1991. Canada Import Value: HS: Nickel: Plate, Sheet, Strip and Foil, Alloyed data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

In February 2025, the average nickel matte export price amounted to $12,912 per ton, declining by -16.1% against the previous month.

The revenue of the nickel ore market in Canada amounted to $X in 2017, rising by X% against the previous year. In general, nickel ore consumption continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year.

Canada Import Value: HS: Nickel: Powder and Flake data was reported at 3,275.971 CAD th in Feb 2025. This records a decrease from the previous number of 3,398.541 CAD th for Jan 2025. Canada Import Value: HS: Nickel: Powder and Flake data is updated monthly, averaging 1,963.751 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 11,719.381 CAD th in Nov 2024 and a record low of 43.826 CAD th in Jul 1992. Canada Import Value: HS: Nickel: Powder and Flake data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

Canada Import Value: HS: Copper: Wire of Copper-Nickel or Copper-Nickel-Zinc Base Alloy data was reported at 279.858 CAD th in Feb 2025. This records an increase from the previous number of 150.113 CAD th for Jan 2025. Canada Import Value: HS: Copper: Wire of Copper-Nickel or Copper-Nickel-Zinc Base Alloy data is updated monthly, averaging 75.424 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 949.728 CAD th in Apr 1988 and a record low of 1.034 CAD th in Jul 1994. Canada Import Value: HS: Copper: Wire of Copper-Nickel or Copper-Nickel-Zinc Base Alloy data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

Canada continued to dominate on the nickel market. In 2014, Canada exported 122 thousand tons of unwrought nickel totaling 2,084 million USD, 1% under the previous year. Its primary trading partner was the U.S., where it supplied 43% of its total unwrought nickel exports in value terms, accounting for the lion's share of the U.S.'s total imports.