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.

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

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.

View monthly updates and historical trends for Nickel Price. Source: World Bank. Track economic data with YCharts analytics.

This statistic shows forecasts for the global nickel price at the London Metal Exchange in 2013 and 2014. In 2013, the average LME cash price for nickel is expected to stand at **** U.S. dollars per pound.

Zambia ZM: FQM: Net Realized Price: Nickel: 3 mth data was reported at 5.370 USD/lb in Dec 2017. This records an increase from the previous number of 4.770 USD/lb for Sep 2017. Zambia ZM: FQM: Net Realized Price: Nickel: 3 mth data is updated quarterly, averaging 5.865 USD/lb from Mar 2012 (Median) to Dec 2017, with 24 observations. The data reached an all-time high of 8.650 USD/lb in Mar 2012 and a record low of 3.790 USD/lb in Mar 2016. Zambia ZM: FQM: Net Realized Price: Nickel: 3 mth data remains active status in CEIC and is reported by First Quantum Minerals Limited. The data is categorized under World Trend Plus’s Top Company: Metal and Mining: Non-Asia – Table WB.NA003: First Quantum Minerals Limited (FQM): Operational Data.

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

In 2024, the average annual London Metal Exchange (LME) price for tin was approximately ** U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the *******highest price out of the base metals at that time, with an average annual LME price of approximately **** U.S. dollars per pound in 2024. Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.

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

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

Molybdenum traded flat at 455.50 CNY/Kg on November 28, 2025. Over the past month, Molybdenum's price has fallen 8.99%, and is down 4.11% 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 December of 2025.

In January 2023, the nickel powder price stood at $57,832 per ton (CIF, Turkey), increasing by 41% against the previous month.

Cobalt traded flat at 48,570 USD/T on November 27, 2025. Over the past month, Cobalt's price has remained flat, but it is still 99.88% 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 December of 2025.

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.

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.

LME Index rose to 4,700 Index Points on October 29, 2025, up 0.79% from the previous day. Over the past month, LME Index's price has risen 7.33%, and is up 13.22% compared to the same time last year, 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 December of 2025.

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 value generated from the import of nickel mattes, nickel oxide sinters, and intermediate products of nickel in the United Kingdom increased by **** million British Pounds (+**** percent) compared to 2023. In total, the value amounted to ***** million British Pounds in 2024.