A long-term annual-average price series for nickel is not yet published on Critical Minerals HQ. To preserve our strict no-fabrication rule we show only the live spot price plus the on-file fundamentals below — extended historical data will be added once a verified source is wired in.
Latest tracked price: $19,180 per USD/t (as of 2026-05-03).
Nickel is a versatile metal critical for stainless steel production and increasingly vital for EV battery cathodes. High-purity nickel demand is surging due to its role in high-energy-density battery chemistries.
Nickel is essential for high-performance EV batteries, with demand from the battery sector expected to grow 500% by 2030. Demand is driven primarily by Stainless steel production, EV battery cathodes (NMC and NCA), High-temperature superalloys for jet engines. Supply is concentrated in Indonesia, Philippines, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Nickel prices.
The latest tracked nickel price is $19,180 per USD/t. Live spot prices are shown on the Nickel live-price page.
A long-term annual-average series for nickel is not yet published on Critical Minerals HQ. We surface only the live spot price and on-file fundamentals to avoid presenting unverified historical changes.
A long-term annual-average series for nickel is not yet published on Critical Minerals HQ. We surface only the live spot price and on-file fundamentals to avoid presenting unverified historical changes.
A long-term annual-average series for nickel is not yet published on Critical Minerals HQ. We surface only the live spot price and on-file fundamentals to avoid presenting unverified historical changes.
Nickel is essential for high-performance EV batteries, with demand from the battery sector expected to grow 500% by 2030. Demand is driven primarily by Stainless steel production, EV battery cathodes (NMC and NCA), High-temperature superalloys for jet engines. Supply is concentrated in Indonesia, Philippines, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Nickel prices.