Nickel fell to $18,350 per tonne, reaching mid-April levels, on the back of profit taking by investors. Moreover, an anticipated ECB key rate cut recently announced, along with indications from U.S. data that a Fed rate cut is still possible this year, led some investors to adjust or reduce their commodity positions. Meanwhile, concerns over supply disruptions caused by the riots in New Caledonia, a French overseas territory holding about 20-30% of the world’s nickel reserves, started to ease.

Nickel increased 1,800 USD/MT or 10.99% since the beginning of 2024, 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 54050.00 in May of 2007. Nickel - data, forecasts, historical chart - was last updated on June 9 of 2024.

Nickel increased 1,800 USD/MT or 10.99% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel is expected to trade at 19168.63 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 17815.29 in 12 months time.



Price Day Month Year Date
Coal 133.00 -2.90 -2.13% -8.97% -2.39% Jun/07
Bitumen 3,444.00 -7.00 -0.20% -5.54% -8.55% Jun/07
Cobalt 27,150.00 0 0% -2.44% -8.04% Jun/06
Lead 2,199.50 -42.00 -1.87% -1.68% 7.19% Jun/07
Aluminum 2,578.00 -69.50 -2.63% 1.14% 14.35% Jun/07
Tin 31,452.00 -746 -2.32% -3.47% 21.83% Jun/07
Zinc 2,767.00 -143.00 -4.91% -4.77% 14.88% Jun/07
Nickel 18,031.00 -500 -2.70% -4.52% -14.18% Jun/07
Molybdenum 500.00 0 0% 0.50% 1.67% Jun/07
Palladium 901.00 -19.50 -2.12% -6.00% -33.83% Jun/07
Gallium 2,345.00 0 0% 5.39% 41.69% Jun/07
Germanium 10,100.00 50 0.50% 4.66% 7.73% Jun/07
Manganese 42.50 -0.25 -0.58% 9.68% 32.81% Jun/07
Indium 3,075.00 0 0% 6.96% 105.69% Jun/07
Soda Ash 2,170.00 0 0% 3.83% 11.28% Jun/07
Neodymium 462,500.00 0 0% -6.57% -23.55% Jun/07
Tellurium 595.00 0 0% 0% 0.42% Jun/07
Rhodium 4,675.00 -25 -0.53% -0.85% -25.79% Jun/07


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
18175.00 18531.00 54050.00 3730.50 1993 - 2024 USD/MT Daily