Nickel futures traded just above $20,000 a tonne at the beginning of December, slipping from a near-decade high of $21,036 hit on November 24th, as traders worry about the impact of the Omicron coronavirus variant on demand. Still, the price of nickel is more than 25% higher this year amid tight supplies and firm demand. Low inventories levels pointed to tight supply, while China’s effort to support the economy bolstered the outlook for demand. Nickel inventories in LME warehouses fell to 62,304 tonnes from more than 200,000 in April.

Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel - data, forecasts, historical chart - was last updated on December of 2021.

Nickel is expected to trade at 19696.98 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 18341.49 in 12 months time.

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Nickel


Price Day Month Year
Coal 154.10 2.85 1.88% -5.46% 102.90%
Bitumen 2,800.00 -20.00 -0.71% -5.47% 15.61%
Cobalt 69,815.00 495.00 0.71% 17.34% 118.17%
Lead 2,195.49 -13.01 -0.59% -7.95% 5.03%
Aluminum 2,628.75 0.25 0.01% 2.83% 29.85%
Tin 38,942.50 7.50 0.02% 4.10% 100.14%
Zinc 3,237.75 11.25 0.35% -1.33% 13.52%
Nickel 20,339.75 378.25 1.89% 3.18% 24.46%
Molybdenum 44.75 0 0% -0.56% 90.43%
Palladium 1,870.66 17.69 0.95% -7.44% -17.42%
Gallium 2,275.00 0 0% 7.06% 39.57%
Germanium 9,250.00 0 0% 2.21% 30.28%
Manganese 34.50 0 0% -2.82% 22.12%
Indium 1,590.00 0 0% -3.64% 45.87%
Soda Ash 3,125.00 0 0% -14.68% 109.45%
Neodymium 1,045,000.00 0 0% 6.09% 67.20%
Tellurium 475.00 0 0% -2.06% 3.26%
Iron Ore 62% fe 108.04 4.30 4.15% 14.50% -25.51%
Rhodium 14,000.00 0 0% -2.44% -13.58%


Nickel
Nickel futures are available for trading in The London Metal Exchange (LME). The standard contact has a weight of 6 tonnes. Nickel is mainly used in the production of stainless steel and other alloys and can be found in food preparation equipment, mobile phones, medical equipment, transport, buildings, power generation. The biggest producers of nickel are Philippines, Russia, Canada, New Caledonia, Australia, Indonesia, Brazil, Cuba and Colombia. The nickel prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our nickel prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. .