Nickel increased 995.38 USD/MT or 6.51% since the beginning of 2025, 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 March of 2025.

In May 2024, the price of one metric ton of nickel stood at some 19,586.98 U.S. dollars. In comparison, in December 2016, the price of nickel was just below 10,000 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 300,000 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 52,179 U.S. dollars per metric ton in May 2007. Since then, nickel prices have decreased, and have remained between a low of 8,299 U.S. dollars per metric ton and a high of 18,584 U.S. dollars per metric ton between 2016 and 2021. It is forecast that the price of nickel will amount to more than 17,000 U.S. dollars per metric ton in 2025.

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.

During the last quarter of 2024, the nickel prices in the USA reached 21688 USD/MT (H2 2024 Avg Price) in December. As per the nickel price chart, the prices fell by around 0.92% compared to the same quarter last year. The demand for nickel from various downstream sectors, including stainless steel production and the electric vehicle (EV) battery industry, is influencing the prices.

Explore IMARC’s newly published report, titled “Nickel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of nickel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The price of nickel powder in the USA reached 23095 USD/MT in the final quarter of 2023.

Explore IMARC’s newly published report, titled “Nickel Powder Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of nickel powder pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

CN: Transaction Price: Nickel, No 1: Changchun data was reported at 9.260 10TH RMB/Ton in Dec 2013. This records a decrease from the previous number of 9.460 10TH RMB/Ton for Nov 2013. CN: Transaction Price: Nickel, No 1: Changchun data is updated monthly, averaging 13.055 10TH RMB/Ton from Feb 1998 (Median) to Dec 2013, with 150 observations. The data reached an all-time high of 44.500 10TH RMB/Ton in Apr 2007 and a record low of 5.600 10TH RMB/Ton in Apr 2000. CN: Transaction Price: Nickel, No 1: Changchun 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.

Nickel price in the United States: Find info from the world's biggest and most esteemed business intelligence tool. 2 million reports updated monthly.

The current price for nickel is volatile and subject to various factors that influence supply and demand in the global market. Discover the factors that impact the price of nickel and its use in industries like stainless steel, battery manufacturing, and electronics. Stay informed on real-time price fluctuations and industry news to make informed decisions about nickel investments or purchases.

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.

Graph and download economic data for Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining (PCU212230212230) from Jun 1988 to Jan 2025 about zinc, lead, nickel, copper, mining, metals, PPI, industry, inflation, price index, indexes, price, and USA.

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 15,394.14 nominal U.S. dollars per metric ton.

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

In 2023, overseas purchases of nickel ores and concentrates were finally on the rise to reach 1.9K tons for the first time since 2020, thus ending a two-year declining trend.

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

Transaction Price: Nickel, Number 1: Shanghai data was reported at 9.630 10TH RMB/Ton in Dec 2013. This records an increase from the previous number of 9.480 10TH RMB/Ton for Nov 2013. Transaction Price: Nickel, Number 1: Shanghai data is updated monthly, averaging 12.170 10TH RMB/Ton from Feb 1998 (Median) to Dec 2013, with 179 observations. The data reached an all-time high of 44.000 10TH RMB/Ton in Apr 2007 and a record low of 4.505 10TH RMB/Ton in Jan 1999. Transaction Price: Nickel, Number 1: Shanghai 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.

Indonesia Export: Value: Nickel: USA data was reported at 0.001 USD mn in May 2019. This records an increase from the previous number of 0.000 USD mn for Apr 2019. Indonesia Export: Value: Nickel: USA data is updated monthly, averaging 0.027 USD mn from Feb 2012 (Median) to May 2019, with 73 observations. The data reached an all-time high of 1.124 USD mn in Mar 2015 and a record low of 0.000 USD mn in Sep 2012. Indonesia Export: Value: Nickel: USA data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAE023: Export: Commodities by Country: Nickel.

The price of nickel stock can be highly volatile and is influenced by various factors such as global demand, supply issues, economic stability, geopolitical events, and market speculation. This article explores how these factors impact the price of nickel stock and provides insights for investors in making informed investment decisions.

Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.

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.

Global nickel prices in the first quarter (Q1) of 2023 stood at 26,033 U.S. dollars per metric ton. Since then, they have steadily declined, reaching approximately 16,271 U.S. dollars per metric ton of nickel in Q3 2024.