What is the current nickel price?

The current nickel price is $0.00 per metric ton. Prices are updated in real-time from major exchanges.

Is nickel price going up or down?

Check our live chart for the latest nickel price movements.

Where is nickel traded?

Nickel is traded on LME. Our prices are sourced from these major global exchanges.

Why is nickel important for EV batteries?

Nickel is a key cathode material in high-energy-density lithium-ion batteries (NMC and NCA chemistries) used in long-range electric vehicles. Higher-nickel cathodes increase energy density, letting EVs travel further per charge. The shift to EVs has structurally added a new demand source for class-1 (battery-grade) nickel.

What is the difference between class-1 and class-2 nickel?

Class-1 nickel is high-purity (≥99.8%) refined material suitable for batteries and specialty alloys. Class-2 nickel — including nickel pig iron and ferronickel — is lower purity and goes mainly into stainless steel. Battery-grade demand has tightened the class-1 market relative to class-2.

Where is nickel produced?

Indonesia is the largest nickel producer by a wide margin, followed by the Philippines, Russia, and New Caledonia. The expansion of Indonesian high-pressure-acid-leach (HPAL) capacity has reshaped the supply curve and historically pressured prices.

Written by

MetalCharts Editorial

Published December 1, 2025· Updated May 12, 2026

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About Nickel

Nickel is a silvery-white lustrous metal with a slight golden tinge. It is essential for stainless steel production and increasingly important for electric vehicle batteries.

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Frequently Asked Questions About Nickel

Why is nickel important for EV batteries?: Nickel is a key cathode material in high-energy-density lithium-ion batteries (NMC and NCA chemistries) used in long-range electric vehicles. Higher-nickel cathodes increase energy density, letting EVs travel further per charge. The shift to EVs has structurally added a new demand source for class-1 (battery-grade) nickel.
What is the difference between class-1 and class-2 nickel?: Class-1 nickel is high-purity (≥99.8%) refined material suitable for batteries and specialty alloys. Class-2 nickel — including nickel pig iron and ferronickel — is lower purity and goes mainly into stainless steel. Battery-grade demand has tightened the class-1 market relative to class-2.
Where is nickel produced?: Indonesia is the largest nickel producer by a wide margin, followed by the Philippines, Russia, and New Caledonia. The expansion of Indonesian high-pressure-acid-leach (HPAL) capacity has reshaped the supply curve and historically pressured prices.

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