Name: Nickel Price Trend, Chart, Index and Graph | IMARC Group
Creator: IMARC Group
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Keywords: Nickel, Nickel Prices, Nickel Price, Nickel Price Chart, Nickel Price Index, Nickel Price in USA, Nickel Price in United States, Nickel Price in China, Nickel Market

Nickel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition

Report Format: PDF+Excel | Report ID: SR112025A23864

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Nickel Price Trend and Forecast

Track the latest insights on nickel price trend and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Nickel Prices Q4 2024

Product	Category	Region	Price
Nickel	Chemical	USA	21688 USD/MT (H2 2024 Avg Price)
Nickel	Chemical	China	19408 USD/MT (H2 2024 Avg Price)

During the last quarter of 2024, the nickel prices in the USA reached 21688 USD/MT (H2 2024 Avg Price) in December. As per the nickel price chart, the prices fell by around 0.92% compared to the same quarter last year. The demand for nickel from various downstream sectors, including stainless steel production and the electric vehicle (EV) battery industry, is influencing the prices.

In Q4 2024, the nickel prices in China reached 19408 USD/MT (H2 2024 Avg Price) in December. As per the nickel price chart, the prices witnessed a fall of 4.98% as compared to December 2023. Changes in Indonesian production levels, export policies, and mining quotas had a direct impact on Chinese nickel supply and prices.

Nickel Prices, Trend, Chart, Demand, Market

Nickel Prices H2 2023

Product	Category	Region	Price
Nickel	Chemical	USA	21890 USD/MT
Nickel	Chemical	China	20427 USD/MT

In the second half of 2023, the average price for nickel in the USA was 21890 USD/MT.

In China, the average price for nickel touched 20427 USD/MT during the second half of 2023.

Regional Coverage

The report provides a detailed analysis of the nickel market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the nickel price trend.

Global Nickel Price Trend

The report offers a holistic view of the global nickel pricing trends in the form of nickel price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of nickel but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed nickel demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Nickel Price Trend

Due to a global oversupply of nickel, which is mostly caused by increased production from Indonesia, and slower demand from the electric vehicle market as a result of factors like economic uncertainty and competition from less expensive lithium iron phosphate (LFP) batteries, nickel prices in Europe were fluctuating in Q4 2024. This mismatch between supply and demand was further exacerbated by geopolitical tensions and shifting global economic conditions.

Detailed price information for nickel can also be provided for an extensive list of European countries.

Region	Countries Covered
Europe	Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

North America Nickel Price Trend

Improvements in extraction and processing techniques aimed to reduce costs and enhance efficiency influenced pricing in the region. Besides this, policies, particularly those involving major trade partners like Canada, heavily influenced nickel supply chains and pricing structures. Moreover, geopolitical events, such as trade tensions and sanctions, disrupted nickel supply chains and created price volatility.

Specific nickel historical data within the United States and Canada can also be provided.

Region	Countries Covered
North America	United States and Canada

Middle East and Africa Nickel Price Trend

The report explores the nickel pricing trends and nickel price index in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Region	Countries Covered
Middle East & Africa	Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific Nickel Price Trend

In Q4 2024, the sheer volume of nickel coming from Indonesia created an oversupply situation, placing downward pressure on prices. Moreover, fluctuations in Chinese economic growth, industrial activity, and EV sales directly affected nickel demand and prices. Besides this, broader economic trends, including inflation, interest rates, and geopolitical tensions, influenced investor sentiment and commodity prices.

This nickel price analysis can be expanded to include a comprehensive list of countries within the region.

Region	Countries Covered
Asia Pacific	China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America Nickel Price Trend

Latin America's nickel market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in nickel prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, nickel price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing nickel pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Region	Countries Covered
Latin America	Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Nickel Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Nickel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of nickel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of nickel at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of nickel price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing nickel price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Nickel Price Trend

Nickel Industry Analysis

The global nickel industry size reached 3.6 million tons in 2023. By 2032, IMARC Group expects the market to reach 4.38 million tons, at a projected CAGR of 2.20% during 2023-2032.

The stainless-steel industry is embracing nickel as a key alloying element to enhance the strength, corrosion resistance, and durability of its items. The imports of stainless-steel products in the United States averaged USD 285133.47 thousand from 2000 until 2024. Globally, its market has been growing at a rapid pace of 5.34%. It is also expected that by 2032, the market for stainless steel will touch US$ 251.8 billion. There is also a hike in demand for stainless steel in various sectors, including construction, automotive, and consumer goods, which is further driving the application of nickel.
Additionally, the increasing adoption of this metal as a key component in the cathode of rechargeable lithium-ion batteries that are majorly used in electric vehicles (EVs), is fostering the market expansion. Governments and consumers have been increasingly prioritizing on reducing greenhouse gas (GHG) emissions and their dependence on fossil fuels, thereby increasing the use of EVs as transportation sources. In China, efforts are being made for the transition that involves increasing EV sales from less than 1 million in 2019 to more than 20 million per year by 2035, and the associated annual battery production to increase by at least a factor of 30. This, in turn, has been driving the demand for nickel in the battery sector.
Infrastructure development projects, like transportation networks, urban development, and industrial facilities, are also increasing the demand for nickel. This product is extensively used in creating stainless steel reinforcement bars, which are important components in construction projects. Developing countries across the globe are experiencing population growth, increased urbanization, and rising standards of living, which are creating the demand for infrastructure. For example, in India, the capital expenditure budget for infrastructure increased by 11.1% to Rs.11.11 lakh crore (US$ 133.86 billion), or 3.4% of GDP in 2024-2025. Between April 2000 and December 2023, foreign direct investment (FDI) in the construction development and infrastructure activity sectors totaled $26.54 billion and $33.52 billion, respectively.

Nickel News

The report covers the latest developments, updates, and trends impacting the global nickel industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in nickel production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nickel price trend.

Latest developments in the nickel industry:

In 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.
In 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 silvery-white metal that belongs to the transition series in the periodic table. It is known for its high corrosion resistance, toughness at low temperatures, and ability to alloy with other metals. It is available in various types, such as pure nickel, nickel alloys, and nickel compounds. The product is manufactured using various materials, including nickel sulfides, nickel oxides, and nickel matte. This metal finds extensive applications across several sectors, such as stainless-steel manufacturing, electroplating, batteries, electric vehicles (EVs), aerospace alloys, and chemical industries.

Nickel offers numerous benefits, such as its durability, high melting point, electrical conductivity, and magnetic properties. It is also lauded for its various advantages, like enhancing product longevity, improving energy efficiency, and supporting sustainable development through recyclability.

Report Coverage

Key Attributes	Details
Product Name	Nickel
Report Features	Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Nickel Price Analysis, and Segment-Wise Assessment.
Currency/Units	US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered	The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers	Company Overview Business Description Recent Trends and Developments
Customization Scope	The report can be customized as per the requirements of the customer
Report Price and Purchase Option	Plan A: Monthly Updates - Annual Subscription Scope Historical Data for the Current Month Forecast for Next Month Total Deliverables Per Year: 12 (One Per Month) Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year Plan B: Quarterly Updates - Annual Subscription Scope Historical Data for the Current Quarter Forecast for Next Quarter Total Deliverables Per Year: 4 (One Per Quarter) Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year Plan C: Biannually Updates - Annual Subscription Scope Historical Data for the Current Half Forecast for the Next Half Total Deliverables Per Year: 2 (One Per 6 Months) Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support	360-degree analyst support after report delivery
Delivery Format	PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request)

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 ex-works, FOB, and CIF prices.
The study examines factors affecting nickel price trend, including 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.

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