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
    • Nickel alloy scrap 309 stainless steel scrap solids, broker buying price, delivered to yard US, US cents/lb
    • Nickel alloy scrap Inconel 601 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.

    The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28

    Warmer sentiment for lithium and nickel prices in Asian markets was not able to attract more buying interest for black mass from South Korean buyers in the week ended Wednesday March 13, due to continued thin margins at recyclers, according to market sources

    The London Metal Exchange has reaffirmed its position on low-carbon nickel pricing, highlighting challenges concerning market scale and definitions, it said in a notice issued to its members on Tuesday March 5

    TMP Holdings is harnessing the power of critical metals like nickel and cobalt to fuel Saudi Arabia’s ambitious infrastructure and decarbonization initiatives

    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

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