Nickel Price in 1996
In 1996, the price of nickel averaged $7,501 per tonne, down 8.8% from the year before. This page covers the 1996 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
1996 Average
$7,501
LME annual average, USD/tonne
Change vs 1995
-8.8%
from $8,228 in 1995
What happened to the nickel price in 1996
Nickel averaged $7,501 per tonne in 1996, down 8.8% from $8,228 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 1996 average of $7,501 equals about $15,408 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 1996?
What is a 1996 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.