Actual
17120
Daily Change
-30.25 -0.18%
Monthly
3.76%
Yearly
13.15%
Q3 Forecast
17485
Nickel - Summary

Nickel traded above $17,300 per tonne, remaining near its highest level in over a month and up more than 5% during July, as supply concerns in Indonesia supported prices. Indonesian smelters operated by Tsingshan Holding Group, the world's largest nickel producer, suspended some export loadings of mixed hydroxide precipitate and disrupted exports of other nickel products as authorities increased inspections over possible rare-earth content in shipments. The delays raised concerns over potential supply disruptions in the world's largest nickel-producing country, although the government moved to resolve regulatory bottlenecks by coordinating with industry participants and government agencies. Additionally, expectations of tighter Indonesian production controls and higher sulfur costs continued to support prices.

Nickel - Stats

Nickel rose to 17,169 USD/T on August 5, 2026, up 0.11% from the previous day. Over the past month, Nickel's price has risen 4.05%, and is up 13.48% compared to the same time last year, 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 August 5 of 2026.

Nickel - Forecast

Nickel rose to 17,169 USD/T on August 5, 2026, up 0.11% from the previous day. Over the past month, Nickel's price has risen 4.05%, and is up 13.48% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel is expected to trade at 17485.07 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 18676.81 in 12 months time.



Price Day Month Year Date
Coal 130.85 -1.65 -1.25% 1.91% 13.98% Aug/04
Bitumen 3,886.00 -49.00 -1.25% 0.88% 9.68% Aug/05
Cobalt 56,290.00 0 0% 0% 68.86% Aug/04
Lead 1,904.80 8.67 0.46% 1.08% -4.72% Aug/05
Aluminum 3,221.00 -4.80 -0.15% 3.53% 25.44% Aug/04
Tin 55,446.00 178 0.32% 4.49% 66.98% Aug/03
Zinc 3,693.20 26.30 0.72% 3.07% 32.10% Aug/05
Nickel 17,119.75 -30 -0.18% 3.76% 13.15% Aug/05
Molybdenum 617.50 0 0% 1.65% 25.25% Aug/05
Palladium 1,376.50 15.50 1.14% 8.30% 20.48% Aug/05
Gallium 1,825.00 30.00 1.67% -7.59% 12.31% Aug/05
Germanium 23,750.00 0 0% 2.15% 62.12% Aug/05
Manganese 28.75 0 0% -7.11% -3.36% Aug/05
Indium 5,500.00 0 0% 0.92% 105.61% Aug/05
Soda Ash 1,030.00 -10.00 -0.96% -8.04% -18.90% Aug/04
Neodymium 975,000.00 -10000 -1.02% -3.94% 48.86% Aug/05
Tellurium 812.50 0 0% -0.91% 34.30% Aug/05
Rhodium 8,375.00 0 0% 2.76% 19.22% Aug/05


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
17169.00 17150.00 54050.00 3730.50 1993 - 2026 USD/MT Daily

News Stream
Nickel Holds Near 1-Month High
Nickel traded above $17,300 per tonne, remaining near its highest level in over a month and up more than 5% during July, as supply concerns in Indonesia supported prices. Indonesian smelters operated by Tsingshan Holding Group, the world's largest nickel producer, suspended some export loadings of mixed hydroxide precipitate and disrupted exports of other nickel products as authorities increased inspections over possible rare-earth content in shipments. The delays raised concerns over potential supply disruptions in the world's largest nickel-producing country, although the government moved to resolve regulatory bottlenecks by coordinating with industry participants and government agencies. Additionally, expectations of tighter Indonesian production controls and higher sulfur costs continued to support prices.
2026-07-31
Nickel Falls from Over 1-Month High
Nickel fell to around $17,000 per tonne in late July, retreating from an over one-month high near $17,300, as investors locked in profits following a strong rally in recent weeks. Prices also came under pressure after Indonesia moved to resolve regulatory bottlenecks that had delayed exports of some nickel products, easing concerns over near-term supply disruptions. The move followed reports that the government is working to address uncertainty over the allowable rare-earth content in mineral shipments, which had disrupted exports of nickel products and alumina. Still, losses were limited by signs of tighter market conditions, with LME nickel inventories declining for six consecutive sessions, while support from Indonesian mining policies and slower nickel ore shipments from the Philippines had helped lift prices.
2026-07-28
Nickel Hits 4-week High
Nickel increased to 17370.00 USD/T, the highest since June 2026. Over the past 4 weeks, Nickel gained 3.09%, and in the last 12 months, it increased 11.91%.
2026-07-23