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, high, low, and year-end close, the events that moved the market, 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

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 notable development of 2005: World Bank/USGS switch to LME settlement price from 2005..

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.

Frequently Asked Questions

What was the price of nickel in 2005?

Nickel averaged $14,744 per tonne in 2005, based on World Bank and LME annual average data. That average was up 6.7% from $13,823 in 2004.

What is a 2005 nickel price worth in today's dollars?

Adjusted with the US Consumer Price Index, nickel's 2005 average of $14,744 works out to roughly $24,332 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

What moved the nickel price in 2005?

The defining story of 2005: World Bank/USGS switch to LME settlement price from 2005.. Against that backdrop, the annual average climbed 6.7%, from $13,823 in 2004 to $14,744.

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.