Nickel futures surged past $20,000 a tonne, getting closer to an over 7-year high of $20,426 touched on September 10th and tracking a rally in other metals such as Aluminum and Zinc due to production curbs driven by power shortages in Asia and Europe. Also, inventories in ShFE warehouses hovered near a record low of 4,455 tonnes while stockpiles in LME warehouses declined to 149,412 tonnes, the lowest since December 2019. Meanwhile, Kosovo’s only ferro-nickel producer Newco Ferronikeli shut down production on Friday due to soaring energy prices.

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

Nickel is expected to trade at 20519.49 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 21942.17 in 12 months time.

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Nickel


Price Day Month Year
Coal 232.00 2.10 0.91% 29.25% 300.00%
Bitumen 3,020.00 -138.00 -4.37% 2.86% 21.97%
Cobalt 56,545.00 0 0% 5.93% 69.78%
Lead 2,453.50 53.00 2.21% 15.01% 36.57%
Aluminum 3,105.25 35.75 1.16% 5.67% 68.01%
Tin 38,225.00 10.00 0.03% 8.69% 105.48%
Zinc 3,603.75 40.25 1.13% 18.82% 40.42%
Nickel 21,046.00 915.50 4.55% 11.72% 32.82%
Molybdenum 45.00 0 0% -2.70% 117.39%
Palladium 2,082.67 10.69 0.52% 2.92% -12.25%
Gallium 1,985.00 0 0% 3.12% 58.80%
Germanium 8,850.00 0 0% 2.31% 25.53%
Manganese 35.50 0 0% 2.90% 18.33%
Indium 1,600.00 0 0% -5.88% 25.49%
Soda Ash 3,500.00 0 0% 47.37% 85.84%
Neodymium 797,500.00 0 0% 1.92% 81.25%
Tellurium 495.00 0 0% -5.71% 14.45%
Iron Ore 62% fe 123.49 0.19 0.15% 3.76% 1.59%
Rhodium 14,000.00 -100.00 -0.71% 9.80% -4.44%


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. .