Nickel Price in 2006
In 2006, the price of nickel averaged $24,254 per tonne, up 64.5% from the year before. This page covers the 2006 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
2006 Average
$24,254
LME annual average, USD/tonne
Change vs 2005
+64.5%
from $14,744 in 2005
What happened to the nickel price in 2006
Nickel averaged $24,254 per tonne in 2006, surging 64.5% from the $14,744 average of 2005. Annual moves of that size are rare and put 2006 among the most explosive years in the metal's modern history.
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 2006 average of $24,254 equals about $38,775 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 2006?
What is a 2006 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.