Nickel Price in 2005
In 2005, the price of nickel averaged $14,744 per tonne, up 6.7% from the year before. This page covers the 2005 average and what that nickel would be worth in today's dollars.
2005 Average
$14,744
LME annual average, USD/tonne
Change vs 2004
+6.7%
from $13,823 in 2004
Nickel Price Chart, 1995 to 2015
What happened to the nickel price in 2005
Nickel averaged $14,744 per tonne in 2005, up 6.7% from $13,823 the year before.
The China supercycle drove nickel to a record annual average above $37,000 in 2007, with an intraday spike near $54,000, before the 2008 crisis cut it in half.
Adjusted for inflation, nickel's 2005 average of $14,744 equals about $24,332 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.
Data note: From 2005 the World Bank and USGS series use the LME settlement price.
Frequently Asked Questions
What was the price of nickel in 2005?
What is a 2005 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.