Nickel traded around $17,900 per tonne, recovering slightly from a two-month low of around $17,700, as concerns over Indonesia's mining policies reinforced expectations of slower supply growth. Sentiment was underpinned by reports that recent quota restrictions and ore pricing changes have significantly increased production costs, prompting Chinese investors to warn that up to $50 billion in nickel-related investments could be affected. The developments heightened uncertainty over output growth in Indonesia, which accounts for more than two-thirds of global refined nickel supply. However, gains remained limited after Jakarta recently signaled greater flexibility on production quotas to support industry stability and investment. Additional pressure came from a persistent inventory overhang, with nickel stocks in London and Shanghai exchange warehouses remaining near multi-year highs, underscoring ongoing surplus conditions.

Nickel rose to 17,822.63 USD/T on June 16, 2026, up 0.04% from the previous day. Over the past month, Nickel's price has fallen 3.95%, but it is still 19.33% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel - data, forecasts, historical chart - was last updated on June 16 of 2026.

Nickel rose to 17,822.63 USD/T on June 16, 2026, up 0.04% from the previous day. Over the past month, Nickel's price has fallen 3.95%, but it is still 19.33% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel is expected to trade at 17855.86 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 19225.65 in 12 months time.



Price Day Month Year Date
Coal 146.35 -2.55 -1.71% 10.45% 38.07% Jun/15
Bitumen 4,248.00 -42.00 -0.98% -4.37% 16.07% Jun/16
Cobalt 56,290.00 0 0% 0% 68.86% Jun/15
Lead 1,968.28 -0.65 -0.03% -0.81% -0.68% Jun/16
Aluminum 3,359.15 -16.50 -0.49% -5.69% 31.85% Jun/16
Tin 55,301.00 1549 2.88% 5.21% 69.55% Jun/15
Zinc 3,558.15 -26.20 -0.73% 0.97% 34.82% Jun/16
Nickel 17,849.38 34 0.19% -3.80% 19.51% Jun/16
Molybdenum 597.50 5.00 0.84% -2.45% 25.39% Jun/16
Palladium 1,372.50 10.50 0.77% -3.41% 31.34% Jun/16
Gallium 2,025.00 0 0% -10.00% 17.39% Jun/16
Germanium 23,250.00 0 0% 14.81% 56.04% Jun/16
Manganese 31.75 0 0% -5.08% 8.18% Jun/16
Indium 4,775.00 0 0% 0.53% 91.38% Jun/16
Soda Ash 1,166.00 0 0% -2.51% -10.58% Jun/16
Neodymium 947,500.00 5000 0.53% -3.81% 71.49% Jun/16
Tellurium 820.00 0 0% 2.50% 17.99% Jun/16
Rhodium 8,000.00 0 0% -18.78% 47.47% Jun/16


Nickel
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 Indonesia, the Philippines, Russia, New Caledonia, Australia, Canada, Brazil, China and Cuba. Nickel futures are available for trading in The London Metal Exchange (LME). The standard contact has a weight of 6 tonnes. 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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
17822.63 17815.00 54050.00 3730.50 1993 - 2026 USD/MT Daily

News Stream
Nickel Edges Higher from 2-Month Low
Nickel traded around $17,900 per tonne, recovering slightly from a two-month low of around $17,700, as concerns over Indonesia's mining policies reinforced expectations of slower supply growth. Sentiment was underpinned by reports that recent quota restrictions and ore pricing changes have significantly increased production costs, prompting Chinese investors to warn that up to $50 billion in nickel-related investments could be affected. The developments heightened uncertainty over output growth in Indonesia, which accounts for more than two-thirds of global refined nickel supply. However, gains remained limited after Jakarta recently signaled greater flexibility on production quotas to support industry stability and investment. Additional pressure came from a persistent inventory overhang, with nickel stocks in London and Shanghai exchange warehouses remaining near multi-year highs, underscoring ongoing surplus conditions.
2026-06-15
Nickel Hits 6-week Low
Nickel decreased to 18306.00 USD/T, the lowest since April 2026. Over the past 4 weeks, Nickel lost 4.89%, and in the last 12 months, it increased 19.19%.
2026-06-08
Nickel Retreats to Near 2-Month Low
Nickel traded around $17,700 per tonne, falling sharply from above $19,220 to its lowest level in nearly two months, as investors locked in profits. Additional pressure came from sluggish nickel salt transactions in China and rising inventories, reflecting softer near-term demand. However, losses were limited by ongoing supply concerns in Indonesia, where Weda Bay Nickel suspended ore production after exhausting its reduced 2026 mining quota. The company is seeking an extension after receiving an initial allowance of 12 million wet metric tons this year, sharply below the 42 million tons produced in 2025, reinforcing concerns over ore availability. Investors also monitored regulatory changes in Indonesia, including tighter mining quotas and proposed tax measures that have raised concerns about future nickel supply growth. At the same time, India is preparing incentives for domestic nickel processing, highlighting expectations for longer-term growth in battery material demand.
2026-06-04