Nickel fell to $16,620 per tonne, nearing its lowest level since late December, as Indonesia prepares to permit a substantial increase in nickel mine production later this year. The Energy and Mineral Resources Ministry has privately indicated plans to raise total mining quotas, known as RKABs, to 360 million tons from the 260 million tons issued in the first half. While subject to final approval, this relaxation reverses the strict quota tightening implemented at the start of the year, which had previously caused prices to surge. Indonesia accounts for about 60% of global nickel production following heavy Chinese investment. Local smelters require these increased supplies to feed new processing plants, especially after major producers were forced to suspend output upon exhausting their previous allocations. However, challenges remain, as producers may struggle to quickly ramp up operations amid persistent heavy rainfall.

Nickel fell to 16,599.63 USD/T on June 29, 2026, down 1.22% from the previous day. Over the past month, Nickel's price has fallen 13.66%, but it is still 9.75% 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 29 of 2026.

Nickel fell to 16,599.63 USD/T on June 29, 2026, down 1.22% from the previous day. Over the past month, Nickel's price has fallen 13.66%, but it is still 9.75% 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 16816.04 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 18169.57 in 12 months time.



Price Day Month Year Date
Coal 143.20 -0.35 -0.24% 7.99% 34.90% Jun/25
Bitumen 3,990.00 55.00 1.40% -10.92% 11.61% Jun/29
Cobalt 56,290.00 0 0% 0% 68.86% Jun/26
Lead 1,909.73 1.60 0.08% -5.10% -6.74% Jun/29
Aluminum 3,166.48 -32.52 -1.02% -15.15% 21.71% Jun/29
Tin 50,553.00 170 0.34% -7.06% 49.73% Jun/26
Zinc 3,469.20 -33.65 -0.96% -2.88% 26.03% Jun/29
Nickel 16,586.88 -218 -1.30% -13.72% 9.67% Jun/29
Molybdenum 602.50 0 0% 1.69% 36.62% Jun/29
Palladium 1,220.00 -0.50 -0.04% -11.75% 13.12% Jun/29
Gallium 2,025.00 0 0% -5.81% 17.39% Jun/29
Germanium 23,250.00 0 0% 13.41% 57.63% Jun/29
Manganese 30.95 -0.30 -0.96% -5.50% 5.45% Jun/29
Indium 5,300.00 0 0% 11.58% 112.42% Jun/29
Soda Ash 1,156.00 0 0% -1.70% -8.54% Jun/29
Neodymium 992,500.00 10000 1.02% 6.15% 79.64% Jun/29
Tellurium 820.00 0 0% 1.23% 27.13% Jun/29
Rhodium 7,750.00 0 0% -10.92% 41.55% Jun/29


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
16599.63 16805.00 54050.00 3730.50 1993 - 2026 USD/MT Daily

News Stream
Nickel Falls to Nearly 6-Month Low as Indonesia Signals More Supply
Nickel fell to $16,620 per tonne, nearing its lowest level since late December, as Indonesia prepares to permit a substantial increase in nickel mine production later this year. The Energy and Mineral Resources Ministry has privately indicated plans to raise total mining quotas, known as RKABs, to 360 million tons from the 260 million tons issued in the first half. While subject to final approval, this relaxation reverses the strict quota tightening implemented at the start of the year, which had previously caused prices to surge. Indonesia accounts for about 60% of global nickel production following heavy Chinese investment. Local smelters require these increased supplies to feed new processing plants, especially after major producers were forced to suspend output upon exhausting their previous allocations. However, challenges remain, as producers may struggle to quickly ramp up operations amid persistent heavy rainfall.
2026-06-24
Nickel Hits Over 2-Month Low
Nickel traded around $17,200 per tonne, falling to its lowest level in over two months, as investors extended profit-taking after a rally above $19,600 in early May. Sentiment weakened further as momentum-driven positioning unwound. Additional pressure came from soft demand conditions in China, where nickel salt transactions remained sluggish and stainless steel output showed limited improvement, while elevated exchange inventories reinforced oversupply concerns in the near term. However, supply-side uncertainty in Indonesia provided some offset, as tighter mining quotas, rising fiscal and regulatory scrutiny, and adjustments to benchmark pricing have raised questions over future output growth. Reports of Chinese-backed investors exploring alternative nickel projects outside Indonesia further highlighted potential shifts in investment flows and longer-term supply constraints.
2026-06-23
Nickel Hits 10-week Low
Nickel decreased to 17501.00 USD/T, the lowest since April 2026. Over the past 4 weeks, Nickel lost 6.18%, and in the last 12 months, it increased 17.58%.
2026-06-23