Import origins by country since 2010
Where US imports come from each month, by country and grade.
Nickel Price per kg (United States)
On the US Critical Minerals List and the EU Critical Raw Materials Act list.
Price per kg contained
$17.24
- 1M
- −5.8%
- 6M
- +2.6%
- 1Y
- +9.0%
- 5Y
- −9.0%
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Nickel price chart
The Stockatomics monthly US benchmark for nickel, in US dollars per kg contained.
$17.24
- 1m
- −5.8%
- 6m
- +2.6%
- 1y
- +9.0%
- 5y
- −9.0%
18 October 2026
- Benchmark price
- $17.24
- Import volume
- Locked
- All-imports price
- Locked
- Premium-priced imports
- Locked
- China share of imports
- Locked
- China unit-value spread
- Locked
- Origin countries
- Locked
At a glance
Nickel price key figures
- Price per kg contained
- $17.24
- 1-month change
- −5.8%
- 6-month change
- +2.6%
- 1-year change
- +9.0%
- 5-year change
- −9.0%
- 12-month high
- $18.30
- 12-month low
- $15.37
- Price month
- October 2026
- Price type
- Stockatomics monthly benchmark
- Last updated
- 18 October 2026
By month
Nickel monthly prices
The nickel benchmark for every month from January 2010 to October 2026, in US dollars per kg contained, newest first.
| Month | Price per kg contained | Change |
|---|---|---|
| $17.24 | 0.0% | |
| $17.24 | 0.0% | |
| $17.24 | −5.8% | |
| $18.30 | +0.1% | |
| $18.28 | +3.9% | |
| $17.60 | +2.6% | |
| $17.15 | +2.0% | |
| $16.82 | +0.1% | |
| $16.81 | +7.6% | |
| $15.62 | +1.6% | |
| $15.37 | −2.0% | |
| $15.69 | −1.1% | |
| $15.86 | +1.6% | |
| $15.61 | −1.3% | |
| $15.82 | +0.8% | |
| $15.70 | −1.7% | |
| $15.97 | −1.0% | |
| $16.13 | +2.3% | |
| $15.77 | −2.2% | |
| $16.13 | +1.6% | |
| $15.88 | −3.2% | |
| $16.40 | −1.0% | |
| $16.56 | −1.8% | |
| $16.87 | −1.8% | |
| $17.18 | +4.1% | |
| $16.50 | −4.8% | |
| $17.34 | −3.3% | |
| $17.94 | −3.1% | |
| $18.51 | −0.4% | |
| $18.59 | +4.9% | |
| $17.72 | +2.3% | |
| $17.33 | −0.3% | |
| $17.39 | −3.2% | |
| $17.97 | −2.7% | |
| $18.47 | −4.9% | |
| $19.43 | −7.8% | |
| $21.07 | −2.4% | |
| $21.59 | −1.8% | |
| $21.99 | −1.8% | |
| $22.39 | −4.5% | |
| $23.44 | −5.6% | |
| $24.82 | −1.0% | |
| $25.07 | −6.2% | |
| $26.74 | −6.4% | |
| $28.56 | +4.8% | |
| $27.25 | +9.2% | |
| $24.95 | +7.7% | |
| $23.17 | +0.8% | |
| $22.99 | +2.5% | |
| $22.43 | −2.2% | |
| $22.93 | −18.3% | |
| $28.08 | +0.4% | |
| $27.98 | −9.9% | |
| $31.04 | +6.3% | |
| $29.21 | +11.9% | |
| $26.10 | +18.3% | |
| $22.06 | +6.9% | |
| $20.63 | +2.7% | |
| $20.09 | +2.1% | |
| $19.67 | +2.2% | |
| $19.25 | −0.3% | |
| $19.31 | +2.0% | |
| $18.94 | +5.7% | |
| $17.92 | +2.6% | |
| $17.47 | +3.9% | |
| $16.82 | −1.0% | |
| $16.99 | −5.0% | |
| $17.89 | −0.4% | |
| $17.96 | +5.0% | |
| $17.11 | +10.0% | |
| $15.55 | +6.7% | |
| $14.58 | +2.6% | |
| $14.21 | −0.1% | |
| $14.23 | +6.0% | |
| $13.42 | +2.4% | |
| $13.10 | +4.2% | |
| $12.57 | +3.1% | |
| $12.19 | −2.5% | |
| $12.50 | −4.5% | |
| $13.09 | −5.4% | |
| $13.83 | −5.7% | |
| $14.66 | −4.6% | |
| $15.37 | −8.3% | |
| $16.76 | −1.0% | |
| $16.93 | +5.7% | |
| $16.01 | +13.5% | |
| $14.11 | +11.0% | |
| $12.71 | +2.6% | |
| $12.39 | −5.2% | |
| $13.07 | −0.5% | |
| $13.14 | +3.9% | |
| $12.65 | +4.2% | |
| $12.14 | +5.3% | |
| $11.53 | −4.9% | |
| $12.12 | −3.1% | |
| $12.51 | −4.9% | |
| $13.15 | −3.2% | |
| $13.58 | −4.4% | |
| $14.20 | −1.9% | |
| $14.48 | −1.0% | |
| $14.63 | +5.2% | |
| $13.91 | +4.1% | |
| $13.36 | +1.1% | |
| $13.22 | +4.0% | |
| $12.71 | +7.4% | |
| $11.83 | +2.7% | |
| $11.52 | +2.8% | |
| $11.21 | +1.3% | |
| $11.07 | +1.7% | |
| $10.88 | +10.5% | |
| $9.85 | +5.2% | |
| $9.36 | +1.1% | |
| $9.26 | −5.5% | |
| $9.80 | −6.0% | |
| $10.42 | −2.0% | |
| $10.63 | +0.6% | |
| $10.57 | −2.6% | |
| $10.85 | −1.5% | |
| $11.02 | +3.1% | |
| $10.69 | −2.1% | |
| $10.92 | +7.2% | |
| $10.19 | −1.8% | |
| $10.38 | +4.6% | |
| $9.92 | +9.6% | |
| $9.05 | −3.9% | |
| $9.42 | +1.0% | |
| $9.33 | +4.2% | |
| $8.95 | −3.7% | |
| $9.29 | −2.2% | |
| $9.50 | −2.4% | |
| $9.73 | −6.6% | |
| $10.42 | −2.8% | |
| $10.72 | −0.4% | |
| $10.76 | −9.8% | |
| $11.93 | −7.4% | |
| $12.88 | −2.9% | |
| $13.26 | −3.8% | |
| $13.79 | −2.5% | |
| $14.15 | −2.7% | |
| $14.55 | −3.8% | |
| $15.12 | −3.9% | |
| $15.73 | −4.1% | |
| $16.40 | 0.0% | |
| $16.40 | −6.3% | |
| $17.51 | −5.7% | |
| $18.57 | −1.5% | |
| $18.85 | +1.6% | |
| $18.55 | −0.8% | |
| $18.70 | +7.8% | |
| $17.34 | +11.4% | |
| $15.57 | +7.6% | |
| $14.47 | +1.0% | |
| $14.33 | 0.0% | |
| $14.33 | +0.9% | |
| $14.20 | −0.9% | |
| $14.33 | −1.0% | |
| $14.47 | −0.1% | |
| $14.49 | +0.1% | |
| $14.47 | −3.3% | |
| $14.96 | −4.9% | |
| $15.73 | −3.1% | |
| $16.24 | −4.4% | |
| $16.98 | −2.5% | |
| $17.42 | −0.5% | |
| $17.50 | +0.8% | |
| $17.36 | −0.2% | |
| $17.39 | +0.2% | |
| $17.35 | −1.1% | |
| $17.54 | +7.4% | |
| $16.33 | −0.5% | |
| $16.41 | −4.9% | |
| $17.25 | −3.1% | |
| $17.81 | −3.0% | |
| $18.37 | −5.0% | |
| $19.34 | −4.1% | |
| $20.16 | +1.2% | |
| $19.92 | +6.8% | |
| $18.66 | −1.6% | |
| $18.97 | −2.9% | |
| $19.54 | −5.0% | |
| $20.56 | −8.0% | |
| $22.34 | −4.4% | |
| $23.38 | +2.6% | |
| $22.79 | −7.1% | |
| $24.52 | −6.8% | |
| $26.32 | −3.1% | |
| $27.16 | −0.7% | |
| $27.34 | +7.2% | |
| $25.51 | +5.5% | |
| $24.18 | +3.9% | |
| $23.28 | −0.3% | |
| $23.36 | +3.7% | |
| $22.52 | +5.7% | |
| $21.31 | +4.6% | |
| $20.37 | −4.7% | |
| $21.37 | −3.4% | |
| $22.12 | −5.7% | |
| $23.46 | +11.2% | |
| $21.10 | +9.3% | |
| $19.31 | +10.7% | |
| $17.45 | +1.0% | |
| $17.27 | - |
Summary
Nickel price summary
Over the past month the price has slipped 5.8%, and it is +9.0% over the year.
Its 12-month range runs from a low of $15.37 to a high of $18.30.
It is +9.0% over the past year and −9.0% over five years.
Uses
What nickel is used for
Nickel (Ni) goes mainly into stainless steel, which takes about two-thirds of world demand. The fastest-growing market is batteries, where high-nickel cathodes give electric vehicles their range. Nickel's resistance to heat and corrosion also makes it the base of the superalloys in jet engines and power turbines.
Other uses
- Plating and corrosion-resistant coatings
- Alloys such as Inconel and Monel for chemical and marine equipment
- Catalysts for refining and chemicals
- Coins and specialty electronics
Market
Nickel supply and demand factors
Nickel supply has been transformed by Indonesia, where Chinese-backed processing plants have turned laterite ore into vast new volumes of nickel pig iron and battery-grade intermediates. That surge has pushed many higher-cost mines elsewhere into losses or closure. Demand is led by stainless steel, with batteries the main growth market, though the rise of lithium iron phosphate cathodes has tempered nickel's battery growth.
What moves the price
- Indonesian output and government policy on ore and quotas
- Stainless steel production
- Battery chemistry choices in electric vehicles
- Closures and restarts of higher-cost mines
History
Nickel price history
Nickel has had some of the most dramatic episodes in metals trading. In March 2022, a short squeeze on the London Metal Exchange doubled the price in hours and led the exchange to suspend trading and cancel deals. Since then, a flood of Indonesian supply has pushed prices down to levels that forced many mines in Australia and elsewhere to close.
As of October 2026, the Stockatomics benchmark price is $17.24 per kg contained.
Production
Where nickel is produced
Indonesia produces more than half of the world's nickel, followed by the Philippines, Russia, Canada, Australia and New Caledonia. Processing of Indonesian ore into nickel pig iron and battery intermediates is largely Chinese-owned.
Criticality
Why nickel is a critical mineral
Nickel is on the US critical minerals list and the EU critical raw materials list. Stainless steel, batteries and superalloys depend on it, and a large share of new supply comes from Indonesia, mostly through Chinese-owned processing.
Benchmark
How the nickel benchmark price is calculated
Stockatomics publishes a monthly US benchmark price for nickel in US dollars per kg contained, reading as of October 2026. The price is for contained nickel metal. It is not a price for nickel pig iron or for a battery cathode.
Converting the price
- Per tonne: multiply the price per kg by 1,000
- Per pound: multiply the price per kg by 0.4536
Stocks
Nickel stocks
Listed companies with nickel in their business, and their role in it.
| Company | Ticker | Exchange | Role |
|---|---|---|---|
| Anglo American | AAL | LON | Producer |
| Boliden | BOL | STO | Producer |
| Eramet | ERAMET | EPA | Producer |
| First Quantum Minerals | FM | TSE | Producer |
| Glencore | GLCNF | OTC | Producer |
| IGO | IGO | ASX | Producer |
| Vale | VALE | NYSE | Producer |
Stockatomics Terminal
More nickel data in the Terminal
The Stockatomics Terminal has the full picture for nickel, for subscribers.
Full price history with all import series
The benchmark beside the all-imports and premium-priced import prices, with volumes.
Supply scores and constraints
Supply concentration, elasticity and the constraints behind them.
Companies and production exposure
Which listed companies produce it, and how much of their value depends on it.
FAQ
Nickel price FAQ
What is the price of nickel per kg today?
Nickel costs $17.24 per kg contained in the United States as of October 2026, on the Stockatomics monthly benchmark. Stockatomics updates it every month.
What is nickel used for?
Mainly stainless steel, which takes about two-thirds of demand, plus battery cathodes for electric vehicles, superalloys for jet engines, and plating.
Why have nickel prices fallen?
A surge of supply from Indonesia, built largely with Chinese investment, has outpaced demand and pushed many higher-cost mines elsewhere into losses or closure.
What happened to nickel in 2022?
In March 2022 a short squeeze on the London Metal Exchange doubled the price within hours, and the exchange suspended trading and cancelled deals, a turning point for confidence in the nickel market.
How is the nickel benchmark price calculated?
The Stockatomics benchmark for nickel is a monthly US price in US dollars per kg contained, published every month and current as of October 2026. How the benchmark is calculated.
Sources
Sources
- U.S. trade data: the monthly nickel price.
- U.S. Geological Survey (USGS): the US critical minerals list.
- Company filings: the listed companies and their roles.