Nickel fell to 15,000.25 USD/T on August 21, 2025, down 0.20% from the previous day. Over the past month, Nickel's price has fallen 3.41%, and is down 9.65% 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 August of 2025.

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.

Graph and download economic data for Global price of Nickel (PNICKUSDM) from Jan 1990 to Jun 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 April 2023, the Nickel price stood at $34,215 per ton (CIF, Poland), registering a decrease of -7.8% compared to the previous month.

In May 2023, the Nickel Ore price reached $12,697 per ton (FOB, France), showing a 9% decrease from the previous month.

In April 2023, the nickel price stood at $26,421 per ton (FOB, South Africa), standing approximately at 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.

Cobalt traded flat at 33,335 USD/T on August 19, 2025. Over the past month, Cobalt's price has remained flat, but it is still 33.88% 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 August of 2025.

Molybdenum fell to 499.90 CNY/Kg on August 20, 2025, down 0.03% from the previous day. Over the past month, Molybdenum's price has risen 5.24%, and is up 5.24% compared to the same time last year, 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 August of 2025.

The average nickel export price stood at $16,608 per ton in February 2025, approximately equating the previous month.

The price of Nickel Matte in May 2023 was $11,626 per ton (CIF, France), showing a decline of -3.9% compared to the previous month.

In 2024, the Tanzanian nickel market increased by 310% to $4.8K for the first time since 2021, thus ending a two-year declining trend. In general, consumption saw a significant expansion. Nickel consumption peaked at $16K in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

In 2022, the market price of rare earth element dysprosium averaged 390 U.S. dollars per kilogram. Neodymium, another rare earth material, averaged *** U.S. dollars per kilogram that year. Base metals such as nickel, zinc, and aluminum had a much lower price, ranging from ***** to ** U.S. dollars per kilogram. Critical materials are resources used in technology which are considered to be subjected to supply risks.

In 2024, the average price of cadmium in the United States stood at *** U.S. dollars per kilogram. Down from some **** U.S. dollars per kilogram in the previous year, which was was the highest figure reported during the period in consideration. More about cadmium Cadmium is a silvery-white post-transition metal that was first discovered in 1817 in Germany by scientists Freidrich Stromeyer and Karl Hermann. This malleable metal is extracted as a by-product of zinc refinement, and shares similarities with zinc. Its melting temperature is *** degrees Celsius, and it is considered toxic. Because the melting points of cadmium and zinc are different, the two metals can be separated using this method. In the liquid mixture of the two metals, zinc becomes a solid first. After that, the liquid cadmium is left behind. Cadmium in batteries Rechargeable batteries are made with cadmium and nickel. There are two types of batteries: industrial and portable. Industrial batteries are used for things such as emergency brakes, air conditioning, and alarm systems. Portable batteries are used for computer equipment, military communications, and emergency lighting. China is the largest producer of cadmium worldwide, with a refinery production volume estimated at ***** metric tons in 2024. While imports of cadmium into the United States have dropped in recent years, exports of the metal have increased.

The average nickel export price stood at $22,017 per ton in March 2025, with an increase of 7% against the previous month.

In April 2023, the price of Nickel Matte was $15,747 per ton (CIF, Japan), experiencing a decline of -8.9% compared to the previous month.

The global medical nickel titanium alloy wire market is experiencing steady growth, projected to reach $244 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 3.5% from 2025 to 2033. This growth is driven by several key factors. The increasing prevalence of minimally invasive surgical procedures fuels demand for flexible and shape-memory alloys like Nitinol, a nickel titanium alloy, for applications such as stents, guidewires, and surgical instruments. Advancements in material science are leading to the development of improved Nitinol alloys with enhanced biocompatibility, strength, and fatigue resistance, further expanding market opportunities. The rising geriatric population, susceptible to cardiovascular diseases and other conditions requiring interventional procedures, is another significant growth driver. Furthermore, technological advancements in medical device manufacturing are enabling the production of more sophisticated and intricate medical devices incorporating Nitinol wire, further boosting market expansion. However, the market faces certain restraints. The high cost associated with Nitinol wire and its processing can limit adoption in price-sensitive markets. Concerns regarding potential nickel allergies in patients also pose a challenge, necessitating stringent quality control and regulatory compliance. Nevertheless, ongoing research and development efforts are focused on mitigating these challenges, including developing hypoallergenic alternatives and optimizing manufacturing processes to reduce costs. The market segmentation demonstrates a diverse application landscape, with significant opportunities across different regions, particularly in North America and Europe, driven by robust healthcare infrastructure and high adoption rates of advanced medical technologies. The competitive landscape is characterized by several established players and emerging companies, fostering innovation and competition within the market.

The revenue of the nickel ore market in Australia amounted to $X in 2017, growing by X% against the previous year. Overall, nickel ore consumption continues to indicate a deep curtailment. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. In that year, the nickel ore market attained their peak level of $X. From 2011 to 2017, growth of the nickel ore market failed to regain its momentum.In 2017, production of nickel ores and concentrates in Australia totaled X kg, standing approx.

In April 2025, the average nickel export price amounted to $18,613 per ton, almost unchanged from the previous month.