NI
Nickel
NI·metals
$16,450$/MT
-245.00 (-1.47%)
Day $16,350 – $16,680·52W $14,640 – $21,615·Open $16,695·Prev. Close $16,695
Price Chart
Key Statistics
| Prev. Close | $16,695 $/MT | Open | $16,695 $/MT | |
| Day High | $16,680 | Day Low | $16,350 | |
| 52W High | $21,615 | 52W Low | $14,640 | |
| Change | -245.00 | Change % | -1.47% | |
| Category | Metals | Unit | $/MT |
About Nickel
Nickel is an essential alloying element in stainless steel, which accounts for roughly 70% of primary nickel demand, with EV battery applications growing rapidly. The LME nickel market gained international attention in March 2022 when a short-squeeze triggered a halt in trading and prices briefly touched $100,000/MT. Indonesian Class II nickel (NPI) has fundamentally altered the supply landscape, keeping prices depressed despite surging battery demand from the EV sector.