🔩 Non-Ferrous Metals

Nickel Price Today

Primary nickel used in stainless steel and battery production.

Last updated: June 1, 2026

15,335.24
USD/MT
+0.67%
24h change
-1.48%
7-day change
-1.83%
30-day change
30-Day Price Trend
About Nickel

Nickel is a key alloying element in stainless steel and a critical battery material for electric vehicles. Prices are set on the London Metal Exchange (LME) and are highly sensitive to EV battery demand and stainless steel production.

Compare Nickel prices by country: 🇺🇸 United States, 🇩🇪 Germany, 🇮🇹 Italy, 🇳🇱 Netherlands.

Common Grades & Types
LME-Grade Nickel Cathode
99.9% pure electrolytic nickel, the LME delivery standard.
Nickel Briquettes
Compressed nickel powder, used in superalloys and batteries.
Nickel Scrap (ISRI 610-612)
Plated steel, stainless scrap, and high-temp alloy scrap.
Key Applications
  • Stainless steel (primary use, ~70% of demand)
  • Batteries (nickel sulphate for EV NMC cells)
  • Superalloys for aerospace
  • Electroplating
  • Specialty alloys (Inconel, Hastelloy)
What Drives Nickel Prices
  • 1LME nickel inventory levels
  • 2Indonesian and Philippine NPI supply
  • 3EV battery demand (NMC cathode)
  • 4Stainless steel production output
  • 5Class 1 vs Class 2 nickel supply
Frequently Asked Questions

Historical Prices
Last 30 days — USD/MT
DatePriceDaily Change
Jun 1, 202615,335.24+0.67%
May 31, 202615,232.53-1.27%
May 30, 202615,428.96+0.43%
May 27, 202615,362.16-1.14%
May 26, 202615,539.84+1.32%
May 25, 202615,337.14-1.08%
May 24, 202615,504.99-0.39%
May 22, 202615,565.68-0.74%
May 20, 202615,682.50+1.57%
May 19, 202615,440.24-0.23%
May 18, 202615,476.09-1.14%
May 17, 202615,654.15-0.83%
May 16, 202615,785.93-1.53%
May 15, 202616,031.96+0.98%
May 14, 202615,876.52-1.09%
May 13, 202616,050.91+0.55%
May 12, 202615,962.39+1.33%
May 10, 202615,752.45-1.43%
May 9, 202615,981.29+1.43%
May 8, 202615,755.64-0.76%
May 7, 202615,876.75+0.92%
May 6, 202615,731.57+0.15%
May 5, 202615,708.63+1.02%
May 4, 202615,550.03-1.49%
May 3, 202615,785.84+1.05%
May 2, 202615,621.13