Nickel futures traded around $17,200 per tonne, climbing from recent levels, as Indonesia’s quota cut supported investor confidence. The country has signaled continued production discipline for its 2026 quota, with RKAB approvals indicating output in the range of roughly 190–200 million tons, reinforcing market sentiment despite ongoing oversupply. Prices have stabilized in the $17,000–$17,400 range as markets adjust to the tighter quotas. However, gains remain capped as global inventories are still elevated and the overall market is projected to run a surplus in 2026. Demand has stayed subdued, with stainless steel production ample and overall manufacturing activity weak, while battery sector adoption trends have yet to drive a sharp rise in demand this month. In addition, policy support emerged in April, with Western Australia offering interest-free loans to help nickel miners resume operations and ramp up production.

Nickel fell to 17,215 USD/T on April 9, 2026, down 0.23% from the previous day. Over the past month, Nickel's price has fallen 1.88%, but it is still 17.31% 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 April 9 of 2026.

Nickel fell to 17,215 USD/T on April 9, 2026, down 0.23% from the previous day. Over the past month, Nickel's price has fallen 1.88%, but it is still 17.31% 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 17437.21 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 18538.11 in 12 months time.



Price Day Month Year Date
Coal 135.50 -3.00 -2.17% -5.77% 40.41% Apr/08
Bitumen 4,153.00 65.00 1.59% 11.64% 24.64% Apr/09
Cobalt 56,290.00 0 0% 0% 67.03% Apr/08
Lead 1,926.68 -19.80 -1.02% -0.96% 1.99% Apr/09
Aluminum 3,446.00 -32.00 -0.92% 1.56% 45.46% Apr/09
Tin 47,627.00 1669 3.63% -6.03% 59.70% Apr/08
Zinc 3,331.08 37.83 1.15% -0.44% 26.83% Apr/09
Nickel 17,215.00 -40 -0.23% -1.88% 17.31% Apr/09
Molybdenum 545.00 0 0% 1.87% 20.71% Apr/09
Palladium 1,560.00 -33.00 -2.06% -8.10% 75.77% Apr/09
Gallium 2,125.00 0 0% 10.39% 19.72% Apr/09
Germanium 16,250.00 0 0% 6.56% 5.52% Apr/09
Manganese 36.65 -0.30 -0.81% 11.23% 17.28% Apr/09
Indium 4,250.00 0 0% -10.53% 53.15% Apr/09
Soda Ash 1,212.00 0 0% 0.83% -14.89% Apr/09
Neodymium 995,000.00 -10000 -1.00% -8.29% 78.96% Apr/09
Tellurium 780.00 0 0% 0.65% 5.41% Apr/09
Rhodium 10,200.00 0 0% -12.45% 88.02% Apr/09


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
17215.00 17255.00 54050.00 3730.50 1993 - 2026 USD/MT Daily

News Stream
Nickel Prices Rise on Supply Control
Nickel futures traded around $17,200 per tonne, climbing from recent levels, as Indonesia’s quota cut supported investor confidence. The country has signaled continued production discipline for its 2026 quota, with RKAB approvals indicating output in the range of roughly 190–200 million tons, reinforcing market sentiment despite ongoing oversupply. Prices have stabilized in the $17,000–$17,400 range as markets adjust to the tighter quotas. However, gains remain capped as global inventories are still elevated and the overall market is projected to run a surplus in 2026. Demand has stayed subdued, with stainless steel production ample and overall manufacturing activity weak, while battery sector adoption trends have yet to drive a sharp rise in demand this month. In addition, policy support emerged in April, with Western Australia offering interest-free loans to help nickel miners resume operations and ramp up production.
2026-04-08
Nickel Futures Fall Amid Market Caution
Nickel futures are trading around $17,100, falling from March highs near $17,770, reflecting ongoing structural tightness in the market and cautious investor sentiment. Supply remains constrained as Indonesia advances its proposed export tax on nickel, while disruptions to shipping through the Strait of Hormuz add logistical pressure on key raw materials. On the corporate front, Vale Base Metals reported a 13% increase in its nickel reserves and resources in 2025, supporting medium-term supply potential, while regional collaboration through the IndoPhil Nickel Corridor aims to strengthen integrated, resilient supply chains. Demand fundamentals remain robust, driven by growth in electric vehicle batteries, renewable energy storage, and industrial applications. China continues to account for a significant share of exports, while diversification efforts across Asia underscore the strategic importance of nickel in global critical mineral markets.
2026-03-31
Nickel Futures Rise from Over 1-Month Low
Nickel futures rose to around $17,300 per tonne, rebounding from a recent over one-month low, amid renewed hopes for a temporary de-escalation in the Middle East conflict. The US proposed a one-month ceasefire to Iran, boosting risk sentiment and triggering short-term gains in industrial metals markets. On the supply front, Nickel Industries received approval for 14.3 million wet metric tonnes of 2026 nickel ore sales in Indonesia, providing clarity for both domestic and export supply, underpinning futures prices. Meanwhile, the market remains cautious over potential windfall taxes on nickel in Indonesia, which could affect output and costs. Chinese liquidity support helped bolster sentiment, as the People’s Bank of China conducted a 500 billion yuan medium-term lending facility operation. Overall, nickel remains in a sensitive range, with prices fluctuating amid supply reassurances and lingering geopolitical risks.
2026-03-25