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.

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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.

Market participants shared insight into the market dynamics for copper, nickel, zinc, lead and tin during LME Week, which ran September 30-October 4

Read the full transcript from episode 6 of Fast Forward podcast on trading power and the role of the London Metal Exchange (LME) in the energy transition with CEO Matthew Chamberlain.

Ahead of LME Week 2024, the exchange’s CEO, Matthew Chamberlain, sat down with Andrea Hotter for Fast Forward podcast to talk about the exchange’s role in facilitating responsible sourcing and transparency along the metals supply chain

Critical metal refiner Nth Cycle became the first company in the US to produce premium nickel-cobalt mixed hydroxide precipitate (MHP) this week, when it began commercial-scale operations on Monday September 9

Read Fastmarkets’ monthly battery raw materials market update for September 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more

Total open-tonnage stocks in London Metal Exchange-registered warehouses rose by 6.0% to 1,137,907 tonnes at the end of August, from 1,073,574 at the end of July, according to the latest data released by the exchange on Tuesday, September 10.

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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Gain a competitive edge in the emerging battery recycling market

Providing greater transparency into the cost of key Li-ion cell components

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