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.

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

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.

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.

Brazil Metal Imports: FOB: NCM: Nickel: Value: Other Articles of Nickel data was reported at 2.407 USD mn in Jun 2019. This records an increase from the previous number of 1.154 USD mn for May 2019. Brazil Metal Imports: FOB: NCM: Nickel: Value: Other Articles of Nickel data is updated monthly, averaging 0.000 USD mn from Jan 1997 (Median) to Jun 2019, with 270 observations. The data reached an all-time high of 2.582 USD mn in Oct 2018 and a record low of 0.000 USD mn in Dec 2008. Brazil Metal Imports: FOB: NCM: Nickel: Value: Other Articles of Nickel data remains active status in CEIC and is reported by Ministry of Development, Industry And Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAL002: Metal Imports: NCM Classification: by Product: Nickel.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes (WPU102504) from Jan 1971 to Sep 2025 about nickel, mills, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

This statistic shows a forecast of the London Metal Exchange's cash price of nickel from 2015 to 2020. In 2020, it is predicted that the price of nickel will increase over ****** U.S. dollars per metric ton worldwide. Nickel is most commonly used for making steels, nonferrous alloys, and electroplating. It is also common in both industrial and commercial products.

LME Nickel USD Prices data, recent 6 years (traceable to Jan 02,2020), the unit is USD/t, latest value is 14369, updated at Nov 20,2025

Brazil Metal Imports: FOB: NCM: Nickel: Value: Other Nickel Pos and Flakes data was reported at 0.307 USD mn in Jun 2019. This records a decrease from the previous number of 0.402 USD mn for May 2019. Brazil Metal Imports: FOB: NCM: Nickel: Value: Other Nickel Pos and Flakes data is updated monthly, averaging 0.114 USD mn from Feb 1996 (Median) to Jun 2019, with 277 observations. The data reached an all-time high of 0.661 USD mn in May 2018 and a record low of 0.000 USD mn in Jun 1996. Brazil Metal Imports: FOB: NCM: Nickel: Value: Other Nickel Pos and Flakes data remains active status in CEIC and is reported by Ministry of Development, Industry And Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAL002: Metal Imports: NCM Classification: by Product: Nickel.

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

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.

United States - Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes was 152.20600 Index Dec 2003=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes reached a record high of 214.00000 in May of 2007 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 Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes - last updated from the United States Federal Reserve on October of 2025.

For the seventh year in a row, the U.S. nickel and lithium accumulators market recorded growth in sales value, which increased by 23% to $19.3B in 2024. In general, consumption enjoyed resilient growth. Nickel and lithium accumulators consumption peaked in 2024 and is expected to retain growth in the immediate term.

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.

Explore the factors influencing nickel prices on the London Metal Exchange, from EV demand and supply chain dynamics to geopolitical events and macroeconomic trends. Discover how nickel's role in stainless steel and battery production impacts global commodities.

Brazil Metal Imports: FOB: NCM: Nickel: Value: Alloy Nickle, Raw data was reported at 0.299 USD mn in Jun 2019. This records an increase from the previous number of 0.090 USD mn for May 2019. Brazil Metal Imports: FOB: NCM: Nickel: Value: Alloy Nickle, Raw data is updated monthly, averaging 0.170 USD mn from Jan 1996 (Median) to Jun 2019, with 282 observations. The data reached an all-time high of 2.590 USD mn in Feb 2003 and a record low of 0.000 USD mn in Jun 2014. Brazil Metal Imports: FOB: NCM: Nickel: Value: Alloy Nickle, Raw data remains active status in CEIC and is reported by Ministry of Development, Industry And Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAL002: Metal Imports: NCM Classification: by Product: Nickel.

In 2024, nickel had an average price of approximately 16,814 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 2024, Indonesia produced the largest volume of nickel from mines in the world, totaling an estimated 2.2 million metric tons, while the Philippines produced 330,000 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, from which 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 2024. Historically, nickel has been used since 3500 BCE as a natural nickel-iron alloy.

The sales value of rechargeable nickel metal hydride batteries in the cells and batteries industry in Japan increased by **** billion yen (+*****%) since the previous year. With ***** billion yen, the sales value thereby reached its highest value in the observed period. Notably, the sales value in this industry has been, with the exception of 2020, continuously increasing over the last years. Find more statistics on other topics in Japan with key insights such as sales quantity of rechargeable lead-acid batteries for automobiles , sales value of rechargeable lead-acid batteries , and production value of electric batteries and cells .

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.