Nickel prices, news and analysis

Keep track of the dynamics and volatility in the nickel market

As a critical component in the battery technology used for electric vehicles, nickel’s strong demand and supply growth have created a volatile market. Uncertainties about the near-term supply-demand balance for the metal have been the primary driver of this volatility, but the long-term outlook for this battery material is strong.

As well as its use in batteries for electric vehicles, about 70% of global production is for stainless steel – particularly in China. End-use markets for stainless steel are strong, including construction and automotive, as well as appliances and flatware. Our news, price data and analysis will give you in-depth insights into the amounts of nickel on the market and its role in building a more sustainable future.

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    • Nickel alloy scrap Inconel 600 scrap solids, clips, broker buying price, delivered to yard US, US cents/lb

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    What’s happening in the nickel market?

    With the nickel market in flux as new supply comes online, market participants and investors need clarity and insights into what’s ahead. Get the latest nickel news and analysis from our expert price reporters.

    Aluminium and nickel appear to have once again escaped inclusion in the latest list of sanctions imposed by western governments on Russia, ending days of speculation that increased both the prices and the traded volumes of the metals.

    Swiss trader Glencore’s profits halved in 2023 due to weaker energy and metals prices and production, according to the company’s full-year results released on Wednesday February 21

    Western Australia plans to offer tax breaks to nickel producers in a bid to help the ailing industry amid crashing prices, the state government announced on Saturday February 17

    The Western Australia Nickel assets owned by BHP are the latest casualty of the rout currently disrupting the nickel industry, with the miner saying that it might put the entire operating unit on care and maintenance

    A decade after the Koniambo nickel joint venture in New Caledonia was inaugurated with great fanfare by the French president, its major industrial partner and operator, Glencore, announced it was putting the asset on care and maintenance and planned to sell its stake.

    Payables for black mass in key Asian markets showed potential for more downside in the week ended Wednesday January 31, according to market sources

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