LME nickel futures consolidated above the $18,000 per tonne level in June, building impetus to reach its 2021 peak in the coming quarters, fuelled by loose monetary policies and fiscal measures, followed by a robust recovery in economic activity and vaccination picking up pace across the globe. Nornickel, the world’s leading refined nickel producer, has recently projected a 2021 market surplus of 52,000 tonnes, sharply below its prior forecast of 90,000 tonnes. Aside from the rosier economic outlook, the commodity growing usage in lithium-ion batteries and the accelerated roll-out of electric vehicles has played a crucial role in driving prices higher. Still, fears that top consumer China would take action to curb any further rises in prices of industrial metals have been capping some of the upside momentum seen last month.

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

Nickel is expected to trade at 16845.53 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 14722.44 in 12 months time.

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Nickel


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. .
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
72.2500 0.10 0.14% 2.79% 10.32% 48.91% Jun/17
Brent
USD/Bbl
74.4600 0.08 0.11% 2.68% 8.37% 43.75% Jun/17
Natural gas
USD/MMBtu
3.2320 0.02 -0.58% 2.64% 7.30% 27.29% Jun/17
Gasoline
USD/Gal
2.1493 0.01 -0.32% -2.84% -0.54% 52.42% Jun/17
Heating oil
USD/Gal
2.0947 0.01 -0.41% -2.27% 1.86% 41.15% Jun/17
Ethanol
USD/Gal
2.4600 0.00 0.00% 0.00% 5.13% 71.67% Jun/16
Naphtha
USD/T
625.18 2.22 0.36% 0.99% 5.44% 44.48% Jun/16
Propane
USD/Gal
0.95 0.01 0.86% 1.32% 16.13% 46.80% Jun/16
Uranium
USD/Lbs
32.3500 0.00 0.00% 0.15% 4.52% 5.37% Jun/16

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,807.01 4.94 -0.27% -4.80% -3.28% -4.72% Jun/17
Silver
USD/t.oz
26.802 0.16 -0.60% -4.16% -4.97% 1.68% Jun/17
Platinum
USD/t.oz
1,107.33 14.78 -1.32% -3.79% -9.09% 3.88% Jun/17

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,434.7500 13.50 -0.93% -7.08% -8.86% 9.80% Jun/17
Wheat
USd/Bu
655.2500 7.50 -1.13% -4.17% -6.12% 2.30% Jun/17
Lumber
USD/1000 board feet
967.90 42.00 -4.16% -16.86% -27.06% 10.86% Jun/16
Cheese
USD/Lbs
1.6500 0.00 0.06% 0.98% -8.54% 0.24% Jun/16
Palm Oil
MYR/T
3,390.00 14.00 -0.41% -11.81% -23.94% -5.83% Jun/17
Milk
USD/CWT
17.33 0.08 0.46% 0.76% -8.21% 9.68% Jun/17
Rice
USD/cwt
12.5700 0.21 1.70% -2.78% -5.84% 2.70% Jun/17
Rubber
JPY/Kg
243.70 1.40 -0.57% -1.30% -5.91% -9.34% Jun/17
Cocoa
USD/T
2,436.00 89.00 3.79% 2.22% -2.72% -6.42% Jun/17
Canola
CAD/T
802.40 14.70 -1.80% -7.96% -14.92% 27.47% Jun/17
Wool
AUD/100Kg
1,423.00 30.00 2.15% 2.15% 8.96% 21.52% Jun/16
Tea
USD/Kgs
3.19 0.00 0.00% 23.64% 5.63% 11.15% Jun/16
Orange Juice
USd/Lbs
119.25 2.55 2.19% -7.31% 0.68% -3.25% Jun/16
Cotton
USd/Lbs
84.82 0.51 -0.60% -2.91% 0.96% 8.58% Jun/17
Coffee
USd/Lbs
151.65 1.70 -1.11% -4.44% 3.06% 18.25% Jun/17
Sugar
USd/Lbs
16.84 0.20 -1.17% -4.64% -2.15% 8.72% Jun/17
Oat
USd/Bu
371.5000 3.75 -1.00% -4.31% 4.21% 2.98% Jun/17
Corn
USd/BU
657.7500 15.25 -2.27% -5.90% -0.08% 35.90% Jun/17

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.98 0.02 0.10% 3.05% 5.11% 15.66% Jun/16
Poultry
BRL/Kgs
7.38 0.06 0.82% 1.79% 2.22% 22.80% Jun/16
Lean Hogs
USd/Lbs
115.5000 3.00 -2.53% -5.29% 6.30% 64.35% Jun/16
Feeder Cattle
USd/Lbs
157.7000 0.88 0.56% 6.36% 14.34% 13.49% Jun/16
Live Cattle
USd/Lbs
122.3000 1.08 0.89% 4.17% 6.03% 6.32% Jun/16

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.2905 0.02 0.39% -4.54% -9.40% 21.92% Jun/17
Coal
USD/T
119.25 1.60 1.36% 3.90% 25.53% 46.82% Jun/17
Steel
CNY/T
4,926.00 40.00 -0.81% 0.57% -10.89% 16.73% Jun/17
Iron Ore
USD/T
217.00 5.00 -2.25% 1.40% 4.08% 36.91% Jun/16
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% 0.00% 91.40% Jun/17
Bitumen
CNY/T
3,296.00 4.00 0.12% 6.05% 1.29% 38.37% Jun/17
Palladium
USD/t.oz
2,762.88 34.47 -1.23% -0.48% -4.82% 12.88% Jun/17
Aluminum
USD/T
2,457.75 14.25 -0.58% -0.61% -1.48% 24.08% Jun/17
Tin
USD/T
31,010.00 262.50 -0.84% -0.86% 3.46% 52.65% Jun/17
Zinc
USD/T
3,007.25 16.00 -0.53% -0.22% -0.71% 9.31% Jun/17
Cobalt
USD/T
42,535.00 0.00 0.00% 0.00% -3.54% 32.14% Jun/16
Lead
USD/T
2,185.50 26.75 1.24% -0.12% -0.17% 10.62% Jun/16
Nickel
USD/T
17,619.00 85.50 -0.48% -2.69% -1.49% 6.44% Jun/16
Molybdenum
USD/Kg
50.50 0.00 0.00% 45.32% 74.14% 114.89% Jun/16
Neodymium
CNY/T
595,000.00 7,500.00 -1.24% -1.24% -6.67% -4.42% Jun/16
Iron Ore 62% fe
USD/T
213.53 0.43 -0.20% 1.59% -0.68% 37.02% Jun/16
Rhodium
USD/t oz.
23,000.00 200.00 0.88% 5.75% -19.01% 35.29% Jun/16
Soda Ash
CNY/T
1,846.00 0.00 0.00% 1.10% 4.89% 37.76% Jun/17
Manganese
CNY/T
32.25 0.00 0.00% 0.00% 0.78% 3.20% Jun/16

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
223.36 0.01 0.00% -0.47% 2.05% 25.27% Jun/16
LME Index
Index Points
4,191.60 23.10 0.55% -1.85% -3.96% 22.76% Jun/16
S&P GSCI
Index Points
2,568.70 1.46 0.06% 0.03% 2.79% 29.93% Jun/16