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.

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

Volume of refined nickel exported by China soared in 2023, official customs data released on Monday January 22 shows, after new entrants in the refining business stepped up their sales efforts in the overseas market

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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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