Nickel Price | Current and Forecast
Monitor Nickel Prices Worldwide
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See 3 monthly Nickel price assessments covering 3 locations: United States, Europe and China. Also check Nickel price history since 2007 and forecasts. The chart below is a sample of Intratec Primary Commodity Prices - subscribe now and gain access to current prices of 226 commodities, including Nickel.
Data Legend. The Nickel price chart shows the prices in USA Dollar per metric ton (USD/mt) as follows:
- US: Nickel, United States, transaction, cif
- EUR: Nickel, cathode, Europe, spot, exw, United Kingdom
- CN: Nickel, cathode, China, spot, exw
Data Use. Nickel prices are provided as an annual subscription where subscribers have access to reliable pricing data of 226 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Intratec Primary Commodity Prices
Track global current prices of 226 commodities including Nickel
Current Monthly Prices
Price History & Forecasts
Prices in Multiple Locations
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Plans Starting at $299 USD /year
Price Dynamics. The Nickel price in United States decreased during December 2018 to 12,200 USD per metric ton, which represents a slight decline of 2% compared to the previous month’s value. On a year-over-year basis, Nickel prices in United States increased by 5%. Meanwhile, in United Kingdom, the average price of Nickel amounted to 10,800 USD per metric ton, from 11,500 USD per metric ton one year earlier. On a month-over-month basis, the Nickel price in United Kingdom is 4% lower than the price one month before.
The price of Nickel in China declined throughout December 2018, reaching 13,000 USD per metric ton. The price in China is 6% lower than the average price in the previous month and 11% lower than the average price one year before.
About Nickel. Nickel is a metallic element with atomic number 28, it is a transition metal, and member of group 10 of the periodic table. Nickel was first isolated in 1751, with industrial production beginning in 1838. In 1870, nickel’s demand, and its production grew rapidly, after the discovery of its use in alloy steels. Nickel, when alloyed to other elements, increase the material’s strength, toughness and corrosion resistance. Currently, nickel is essential to the iron and steel industry and has various uses in the production of specialty/engineering materials.
Since nickel is produced in great quantity, it is usually shipped in railroad tank cars or by marine transportation. It should be stored in ventilated areas, away from heat and sources of ignition. Fine dust generation should also be prevented since it can form flammable or explosive mixture with air. Nickel ore is very dangerous and in some places as Indonesia prohibited to be shipped. It is prone to a phenomenon called liquefaction, in which the water separates from the ore due to moisture and ever-changing temperature in the sea. The fluid dynamics involved in this process cause the whole cargo to slide to one side, affecting the ship’s stability and balance, making it highly vulnerable to capsizing.
Raw materials and the respective production processes employed in the manufacturing of Nickel are listed below.
- Nickel oxide + metallurgical coke (electric furnace reduction/electrolysis),
- Lateritic ore (pressure leaching/solvent extraction/electrolysis),
- Nickel oxide + metallurgical coke (electric furnace reduction/electrolysis),
- Nickel matte/nickel-copper matte + hydrogen (pressure leaching/reduction)
The uses and applications of Nickel may vary according to its specification. The main forms of Nickel are ingots; pellets; shot; sponge; electrolytic; and powder.
