Nickel Price in 1992
In 1992, the price of nickel averaged $7,001 per tonne, down 14.2% from the year before. This page covers the 1992 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
1992 Average
$7,001
LME annual average, USD/tonne
Change vs 1991
-14.2%
from $8,156 in 1991
What happened to the nickel price in 1992
Nickel averaged $7,001 per tonne in 1992, down 14.2% from $8,156 the year before.
Nickel whipsawed through the 1990s on erratic Russian supply and the 1998 Asian financial crisis low near $4,600, ending the decade around $6,000.
Adjusted for inflation, nickel's 1992 average of $7,001 equals about $16,083 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of nickel in 1992?
What is a 1992 nickel price worth in today's dollars?
Annual averages are World Bank and LME nickel prices per tonne in US dollars (LME cash and settlement basis). Values before the LME nickel contract launched in April 1979 are producer and reference prices, and the 2025 figure is preliminary. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.