Nickel futures were trading around the $25,000-per-tonne level, moving back to where the LME market closed on March 4, the last trading day after unprecedented low trading volumes triggered a liquidity crisis for one of the most crucial industrial commodities. In early March, prices briefly topped the $100,000 mark amid a vicious short squeeze as China's Tsingshan Holding Group, one of the world's top producers, bought large amounts to hedge its short bets on the metal. Now, the market moves signaled a return to normal after several weeks of chaos, with trading volumes at average levels and investors' focus turning to concerns that slowing global growth will hit metals demand, particularly in top consumer China.

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

Nickel is expected to trade at 23609.40 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 27795.09 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Nickel



Price Day Month Year
Coal 390.00 -7.00 -1.76% -2.74% 203.38%
Bitumen 4,489.00 121.00 2.77% -2.56% 30.72%
Cobalt 72,400.00 0 0% -3.47% 58.93%
Lead 1,913.25 -32.25 -1.66% -8.44% -13.57%
Aluminum 2,494.00 38.00 1.55% -13.66% -1.49%
Tin 24,590.00 -2395 -8.88% -27.82% -20.09%
Zinc 3,320.50 -29.50 -0.88% -14.87% 13.77%
Nickel 22,359.50 -1634 -6.81% -16.35% 20.71%
Molybdenum 43.50 0 0% -4.14% -13.86%
Palladium 1,869.18 -7.15 -0.38% -8.04% -30.42%
Gallium 3,225.00 0 0% 3.20% 50.35%
Germanium 8,800.00 0 0% 0% 15.03%
Manganese 33.50 0 0% 0% 3.88%
Indium 1,625.00 0 0% 10.17% 43.17%
Soda Ash 2,920.00 0 0% 2.46% 58.18%
Neodymium 1,190,000.00 0 0% 1.71% 104.29%
Tellurium 431.50 0 0% -0.80% -25.92%
Iron Ore 62% fe 130.93 1.22 0.94% -1.93% -39.18%
Rhodium 14,000.00 0 0% -9.09% -27.27%


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
22359.50 23993.50 54050.00 3730.50 1993 - 2022 USD/MT Daily