Nickel Price Today
NI 0.00% todayJune 10, 2026 · Base unit: metric ton
Live Price
Nickel Price Today
Nickel (symbol Ni, ticker NI) is a hard, silvery-white metal primarily used in stainless steel production and increasingly in electric vehicle batteries. It is traded on the London Metal Exchange (LME), priced per metric ton in USD.
Indonesia (~50%) and the Philippines are the dominant global suppliers of nickel ore, while China leads in refined nickel production through its Nickel Pig Iron (NPI) processing industry.
Nickel demand is split between stainless steel (~70%) and batteries (~15%, growing rapidly). The EV battery sector — using high-nickel cathode chemistries (NMC 811, NCA) — is the fastest-growing demand driver for nickel.
- Symbol NI
- Base Unit metric ton
- Today Open $15,229.00
- 24h High $15,229.00
- 24h Low $15,229.00
Key Uses of Nickel
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Stainless Steel~70% of global nickel — corrosion resistant alloys
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EV BatteriesNMC/NCA cathodes in lithium-ion battery packs
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Alloys & SuperalloysJet engines, gas turbines, industrial equipment
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ElectroplatingProtective coating for steel and industrial parts
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ElectronicsMagnets, connectors and specialty applications
What Factors Affect the Nickel Price?
Understanding key price drivers helps investors, traders and industry professionals make informed decisions.
Steel mills are the largest nickel consumers globally. Construction activity, manufacturing output and real estate cycles directly drive stainless steel and nickel demand.
High-nickel batteries (NMC 811, NCA) contain 20–50 kg of nickel per pack. Accelerating EV adoption is the fastest-growing demand segment for nickel.
Indonesia produces ~50% of global nickel and has periodically imposed export restrictions on nickel ore. Indonesian policy changes have historically caused major nickel price spikes.
China is the world's largest stainless steel producer and nickel consumer. Chinese PMI data and infrastructure spending are key short-term nickel price signals.
Nickel is dollar-denominated globally. USD movements affect purchasing costs for non-dollar buyers, influencing overall global demand levels.
Recycled nickel from stainless steel scrap provides significant secondary supply. High prices incentivize more scrap collection, partly capping price upside.
| From | To | Factor |
|---|---|---|
| 1 Metric Ton | Kilogram (kg) | × 1,000 |
| 1 Metric Ton | Pound (lb) | × 2,204.62 |
| 1 Kilogram | Metric Ton | ÷ 1,000 |
| 1 Pound | Kilogram | × 0.453592 |
Frequently Asked Questions — Nickel Price
Select Kilogram (kg) from the unit dropdown. The LME nickel price (per metric ton) will automatically convert to per-kg pricing in your selected currency. 1 metric ton = 1,000 kg.
A surge in Indonesian Class 2 nickel supply — produced via HPAL (High-Pressure Acid Leach) processing and usable in batteries — flooded the market, creating significant oversupply. Prices dropped from highs above $30,000/ton. The market is still rebalancing.
A typical long-range EV battery using NMC 811 chemistry contains approximately 30–50 kg of nickel per vehicle. Smaller batteries contain less. This per-vehicle nickel intensity is a key long-term demand growth driver as EV adoption scales globally.
Class 1 nickel (purity ≥99.8%) is LME-deliverable and used as the global benchmark price. Class 2 (lower purity, including Nickel Pig Iron) is not LME-deliverable but widely used in stainless steel production. LME prices primarily reflect Class 1, which may differ from regional Class 2 market pricing.
Daily, from LME market data. May be delayed 15–20 minutes. For informational purposes only — not financial advice.
Disclaimer
Nickel prices are indicative only, updated daily and may be delayed 15–20 minutes. For informational purposes only. Not financial advice. Always verify with your broker or exchange.
