Benchmark nickel futures on the London Metal Exchanged traded below $23,000 a tonne at the end of January, not far from a decade high of $24,320 touched on January 21st, as risk-off sentiment drove a correction in the nickel market while rising demand and low inventories continue to buoy the prices. On-warrant nickel stocks were at their lowest since December 2019 at 48,846 tonnes and nickel stocks in Shanghai Futures Exchange warehouses are close to record lows at 4,859 tonnes. Meanwhile, the demand from the battery sector remains firm as electric vehicles sales are rising and economic growth in China is set to pick up again amid further stimulus. .

Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel - data, forecasts, historical chart - was last updated on January of 2022.

Nickel is expected to trade at 23755.78 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 22140.93 in 12 months time.

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Nickel



Price Day Month Year
Coal 227.30 2.05 0.91% 33.63% 164.30%
Bitumen 3,460.00 -20.00 -0.57% 13.22% 34.63%
Cobalt 71,000.00 -1,000.00 -1.39% 0.71% 75.79%
Lead 2,368.75 0 0% 2.60% 16.82%
Aluminum 3,079.00 -17.00 -0.55% 9.55% 55.11%
Tin 42,555.00 -1,400.00 -3.19% 8.72% 89.58%
Zinc 3,618.00 1.50 0.04% 2.99% 36.36%
Nickel 22,677.00 0 0% 12.61% 25.91%
Molybdenum 44.75 0 0% 0% 79.00%
Palladium 2,309.49 109.31 4.97% 17.20% 0.23%
Gallium 2,275.00 0 0% 0% 18.18%
Germanium 9,350.00 0 0% 0% 31.69%
Manganese 33.50 0 0% 0% 7.20%
Indium 1,535.00 0 0% -3.46% 18.53%
Soda Ash 2,187.50 0 0% -18.98% 62.04%
Neodymium 1,285,000.00 20,000.00 1.58% 22.97% 80.99%
Tellurium 457.50 0 0% -1.61% -5.67%
Iron Ore 62% fe 129.94 1.20 0.93% 15.00% -23.35%
Rhodium 16,800.00 100.00 0.60% 19.15% -13.85%


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. Trading Economics does not verify any data and disclaims any obligation to do so. .
Actual Previous Highest Lowest Dates Unit Frequency
22677.00 22677.00 54050.00 3730.50 1993 - 2022 USD/MT Daily