Nickel Price Chart

Nickel Price Trend, Index and Forecast

Track real-time and historical nickel prices across global regions. Updated monthly with market insights, drivers, and forecasts.

Nickel Prices October 2025

Nickel Price Index (USD/KG): 

The chart below highlights monthly nickel prices across different regions.

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Market Overview Q3 Ending September 2025

Northeast Asia: Nickel prices in Northeast Asia showed a moderate upward trend. The regional market was heavily influenced by robust stainless-steel production in China and South Korea, which together account for a substantial portion of global nickel demand. Demand-side pressures were supported by increasing requirements from the electric vehicle (EV) battery segment, where nickel-intensive NMC (Nickel-Manganese-Cobalt) chemistries remained dominant. On the supply side, shipments from Indonesia, the world’s largest nickel producer, encountered logistical challenges due to port congestion and regulatory checks on new smelting capacity. These disruptions contributed to higher procurement costs for Northeast Asian buyers. Furthermore, currency fluctuations in the Japanese yen and South Korean won against the US dollar raised import bills, thereby amplifying domestic price adjustments.

Europe: In Europe, nickel prices firmed more sharply. This increase was largely tied to persistent energy costs, particularly in Germany and France, which continued to drive higher smelting and refining expenses. The European stainless-steel sector reported stable production, but procurement for nickel-bearing alloys in aerospace and defense applications added incremental demand pressures. Domestic logistics in Europe, including road freight challenges in central EU regions, further inflated distribution costs. Currency fluctuations against the US dollar, compounded the upward trend by raising landed costs of dollar-denominated imports. Additionally, compliance with EU sustainability frameworks such as carbon border adjustment mechanisms (CBAM) added regulatory expenses for downstream buyers.

North America: In North America, nickel prices declined. The dip was indicative of weak industrial demand, especially from the stainless steel sector, a historically dominant consumer of nickel, which faced prolonged sluggishness. Although there was some resilience in battery-related uptake due to the shift to LFP chemistries that sidelined nickel, dampening emerging demand growth. On the supply side, North American markets were impacted by sharply lower prices, which strained operating margins. Despite occasional positive tariff developments that provided temporary relief, broader market dynamics remained bearish, weighed down by inventory build-up and oversupply. As such, the North American nickel market remained firmly in a downtrend.

Nickel Price Trend, Market Analysis, and News

IMARC's latest publication, “Nickel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the nickel market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of nickel at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed nickel prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting nickel pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Nickel Industry Analysis

The global nickel industry size reached 3.68 Million Tons in 2024. By 2033, IMARC Group expects the market to reach 4.50 Million Tons, at a projected CAGR of 2.09% during 2025-2033. The market is driven by rising stainless steel production, expanding demand from electric vehicle batteries, and increasing use in high-performance alloys for aerospace and energy applications.

Latest developments in the nickel industry:

• March 2025: Panasonic Energy and Sumitomo Metal Mining initiated a collaborative project to recover nickel from lithium-ion battery production waste. This process, starting with scrap from Panasonic's Osaka plant, will be processed at Sumitomo's Niihama Nickel Refinery, contributing to a closed-loop economy in battery manufacturing.
• November 2023: Eramet, the French mining and metallurgy company, announced that it would spend USD 2 billion on expanding its nickel and lithium production to meet the rising demand for electric vehicles. The company had plans to increase its Ni and Li production capacity by 50% and 90% in the same year.
• June 2023: Rolled Alloys Inc. received a new certification, ISO 9001:2015/AS 9100:D, for its quality management system. This certification is specifically for the company's manufacturing and distribution of heavy metals mill products made from stainless steel and nickel alloys.

Product Description

Nickel is a lustrous, silvery-white metallic element, classified among base metals. It stands as a critical material in global industrial consumption, most prominently in stainless steel, specialty alloys, plating, and battery technologies. Nickel’s defining properties include strong corrosion resistance, high-temperature durability, and alloying flexibility. It enhances product performance across sectors: strengthening stainless steel for infrastructure and consumer goods, enabling high-performance alloys in aerospace, providing protective plating solutions, and boosting energy density in lithium-ion battery cathodes—thereby improving longevity and efficiency.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of nickel pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting nickel price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The nickel price charts ensure our clients remain at the forefront of the industry.