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 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.

The gram price of nickel is determined by various factors and is subject to market fluctuations. It is an essential metal in the production of stainless steel and has potential for increased demand in the future due to the growth of EVs and renewable energy technologies.

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.

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

Explore the fluctuating nickel prices influenced by global economic conditions, supply and demand dynamics, and geopolitical events. Learn about its importance in stainless steel production and electric vehicle batteries, and discover investment insights in the face of market volatility and environmental regulations.

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.

Nickel prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 9344.52 USD per metric ton with a minimum of 1631 USD per metric ton in January 1960 and a maximum of 52179.05 USD per metric ton in May 2007. | TheGlobalEconomy.com

The average nickel import price stood at $21,025 per ton in January 2025, increasing by 3.6% against the previous month.

Global nickel prices in the first quarter (Q1) of 2023 stood at ****** U.S. dollars per metric ton. Since then, they have steadily declined, reaching approximately ****** U.S. dollars per metric ton of nickel in Q2 2025.

Monthly and long-term nickel price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

Nickel powder prices in the third quarter showcased a mixed trend in the US market amid the rising fears of recessions. According to market participants, LME

In 2024, the Kenyan nickel market decreased by -2.3% to $495M, falling for the second consecutive year after six years of growth. In general, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +3.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -8.2% against 2022 indices.

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

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.

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

This dataset contains the predicted prices of the asset Nickel over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

CN: Transaction Price: Nickel, No 1: Wuhan data was reported at 9.900 10TH RMB/Ton in Dec 2013. This records an increase from the previous number of 9.660 10TH RMB/Ton for Nov 2013. CN: Transaction Price: Nickel, No 1: Wuhan data is updated monthly, averaging 12.500 10TH RMB/Ton from Feb 1998 (Median) to Dec 2013, with 184 observations. The data reached an all-time high of 44.500 10TH RMB/Ton in May 2007 and a record low of 5.400 10TH RMB/Ton in Feb 2000. CN: Transaction Price: Nickel, No 1: Wuhan data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Nickel Price.

Transaction Price: Nickel, Number 1: Shijiazhuang data was reported at 14.670 10TH RMB/Ton in Mar 2004. This records a decrease from the previous number of 15.530 10TH RMB/Ton for Feb 2004. Transaction Price: Nickel, Number 1: Shijiazhuang data is updated monthly, averaging 11.000 10TH RMB/Ton from Feb 1998 (Median) to Mar 2004, with 65 observations. The data reached an all-time high of 15.800 10TH RMB/Ton in Jan 2004 and a record low of 5.750 10TH RMB/Ton in Jul 1999. Transaction Price: Nickel, Number 1: Shijiazhuang data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Nickel Price.

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.