Nickel Price in 1993
In 1993, the price of nickel averaged $5,293 per tonne, down 24.4% from the year before. This page covers the 1993 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
1993 Average
$5,293
LME annual average, USD/tonne
Change vs 1992
-24.4%
from $7,001 in 1992
What happened to the nickel price in 1993
Nickel averaged $5,293 per tonne in 1993, sliding 24.4% from the $7,001 average of 1992.
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 1993 average of $5,293 equals about $11,806 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 1993?
What is a 1993 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.