Latest nickel prices: trends, charts, news & market 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 commodity 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.

To help you navigate this complex market, we aim to bring you reliable, and timely intelligence and analysis on nickel, including both nickel sulfate and mixed hydroxide precipitate (MHP).

Regional and product price divergence has been a consistent trend across nickel markets globally, creating the need for more granular price reporting. Fastmarkets has recently launched a free-on-board Indonesia price for nickel pig iron (NPI) and MHP to further expand our existing suite of nickel prices.

Subscribing to our nickel price data and insights will give you access to:

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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.

A host of Chinese battery manufacturers have been increasing their production of electrolytic nickel to reap gains from strong futures prices because the growth in downstream demand for electric vehicles (EVs) is slowing, Fastmarkets heard on Tuesday May 21

A wave of restocking throughout the first quarter of 2024 provided some relief in the ternary battery raw materials market in China, stopping the declines in prices for various products that had been seen late last year

Fastmarkets’ initial low-carbon premium for nickel briquettes captured existing regional price differences, with growing awareness and legislative incentives indicating there is potential for a strong market to emerge

China’s stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component

The key discussion topics across the battery raw materials sector ahead of Fastmarkets’ Asian Battery Raw Materials conference taking place in Seoul on April 22-23

Metal exchanges will be prohibited from accepting these metals from Russia, said releases from the US and UK governments on Friday April 12

How can we help you?
Our price data, forecasts and market intelligence will help give you a strategic edge and greater transparency on what’s ahead for the nickel market.

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We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Find out how our price reporters and analysts assess and forecast prices in agriculture, forest products and metals

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Fastmarkets combines the commodity intelligence of these familiar names:

Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Palm Oil Analytics • Random Lengths • FastMarkets and more