Nickel prices, news and analysis

Keep track of the dynamics and volatility in the nickel market

As a critical component in the battery technology used for electric vehicles, nickel’s strong demand and supply growth have created a volatile market. Uncertainties about the near-term supply-demand balance for the metal have been the primary driver of this volatility, but the long-term outlook for this battery material is strong.

As well as its use in batteries for electric vehicles, about 70% of global production is for stainless steel – particularly in China. End-use markets for stainless steel are strong, including construction and automotive, as well as appliances and flatware. Our news, price data and analysis will give you in-depth insights into the amounts of nickel on the market and its role in building a more sustainable future.

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What’s happening in the nickel market?

With the nickel market in flux as new supply comes online, market participants and investors need clarity and insights into what’s ahead. Get the latest nickel news and analysis from our expert price reporters.

Zinc producer Korea Zinc has entered into a $140 million investment agreement with Trafigura to build an “all-in-one” nickel refinery, it said on Friday November 17

Read more about Fastmarkets’ commitment to providing trusted prices and analysis in the battery raw materials market

Indonesia is to increase its dominance in global nickel supply within the next five years, amid an ongoing growth in capacity in the country

Nickel metal produced in China has appeared in the London Metal Exchange warehouse system for the first time since the exchange began reporting its country-of-origin data in January 2023

The London Metal Exchange (LME) is trialing the expansion of its closing price methodology across five of its base metals contracts ahead of launching next year, the exchange’s chief executive officer told Fastmarkets

Nickel market participants rejected the idea of making nickel sulfate or other Class 2 products eligible for delivery against the Class 1 London Metal Exchange (LME) contract and want the exchange to instead focus on fixing the existing contract, according to the LME chief executive officer

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    • Nickel sulfate premium, in-whs Rotterdam, $/tonne
    • Nickel sulfate, in-whs Rotterdam, $/tonne
    • Nickel alloy scrap Inconel 600 scrap solids, clips, broker buying price, delivered to yard US, US cents/lb

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