Nickel fell to 15,235 USD/T on July 11, 2025, down 0.33% from the previous day. Over the past month, Nickel's price has risen 0.86%, but it is still 9.62% 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 July 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.

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.

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Copper and Nickel Ores (WPU10210201) from Jul 1991 to Sep 2020 about ore, copper, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2023, nickel had an average price of approximately 21,521 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 2023, Indonesia produced the largest volume of nickel from mines in the world, totaling 1.8 million metric tons, while the Philippines produced 400,000 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. 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 2023. Historically, nickel has been used since 3500 BCE as a natural nickel-iron alloy.

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 2023, after two years of decline, there was significant growth in purchases abroad of nickel ores and concentrates, when their volume increased by 42% to 1.8K tons.

Explore the factors affecting nickel ore prices as of October 2023, including supply chain dynamics, geopolitical influences, and growing demand from the electric vehicle sector. Understand how production levels, economic policies, and technological advancements interplay in determining current and future nickel market trends.

This statistic depicts the average monthly prices for nickel from January 2014 through January 2025. In January 2025, the average monthly price for nickel stood at ********* nominal U.S. dollars per metric ton.

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 June of 2025.

Stay updated with Market Research Intellect's Nickel Ore Market Report, valued at USD 34.5 billion in 2024, projected to reach USD 55.2 billion by 2033 with a CAGR of 6.5% (2026-2033).

For the fourth year in a row, the United States recorded growth in overseas shipments of nickel ores and concentrates, which increased by 78% to 74K tons in 2023.

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.

Nickel ore imports into Indonesia soared to 400 tons in 2023, with an increase of 110% compared with 2022.

The global nickel mining market is experiencing robust growth, driven by increasing demand from the burgeoning electric vehicle (EV) battery sector and other strategic industries. While precise market size data for the base year is not explicitly provided, considering typical market sizes for similar metal mining sectors and the mentioned CAGR, a reasonable estimate for the 2025 market size would fall within the range of $20-25 billion USD. Assuming a conservative CAGR of 5% (a figure often observed in commodity markets with cyclical demand), the market is projected to reach a value between $26-31 billion by 2030. This growth is fueled by several key factors. The escalating adoption of EVs necessitates large quantities of nickel for battery production, significantly bolstering demand. Furthermore, the sustained growth in aerospace and military applications, which rely on nickel's unique properties for high-performance materials, contributes to market expansion. While supply chain disruptions and fluctuating commodity prices pose challenges, the long-term outlook for nickel mining remains positive, largely due to the consistent and accelerating demand from the renewable energy and technology sectors. Several geographic regions are expected to lead in nickel mining production and consumption. North America, with its established mining infrastructure and close proximity to major consumer markets, will maintain a significant presence. Asia-Pacific, specifically China and Indonesia, will likely continue to dominate global production given their abundant reserves and substantial investments in mining operations. Europe, although having less raw material, will witness increased demand due to the region's focus on transitioning to a green economy, increasing reliance on EVs, and significant manufacturing sectors. The competition among major players like Vale, MMC Norilsk Nickel, Glencore, Jinchuan, and BHP Billiton will intensify as they strive to secure market share within this expanding sector. Strategic alliances, technological advancements in extraction methods and resource management, and environmentally sustainable mining practices will be crucial determinants of success in the coming years.

United States - Producer Price Index by Commodity: Metals and Metal Products: Copper and Nickel Ores was 353.00000 Index Jun 1988=100 in September of 2020, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Copper and Nickel Ores reached a record high of 532.80000 in July of 2011 and a record low of 59.80000 in March of 1999. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Copper and Nickel Ores - last updated from the United States Federal Reserve on July of 2025.

In 2023, overseas shipments of nickel ores and concentrates decreased by -33% to 250 tons for the first time since 2019, thus ending a three-year rising trend.