Nickel Price in 2007

In 2007, the price of nickel averaged $37,230 per tonne, up 53.5% from the year before. This page covers the 2007 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.

2007 Average

$37,230

LME annual average, USD/tonne

Change vs 2006

+53.5%

from $24,254 in 2006

What happened to the nickel price in 2007

Nickel averaged $37,230 per tonne in 2007, surging 53.5% from the $24,254 average of 2006. Annual moves of that size are rare and put 2007 among the most explosive years in the metal's modern history. The defining story of 2007: Record annual average; intraday spike to ~$54,200 in May 2007..

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 2007 average of $37,230 equals about $57,883 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 2007?

Nickel averaged $37,230 per tonne in 2007, based on World Bank and LME annual average data. That average was up 53.5% from $24,254 in 2006.

What is a 2007 nickel price worth in today's dollars?

Adjusted with the US Consumer Price Index, nickel's 2007 average of $37,230 works out to roughly $57,883 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 2007?

The defining story of 2007: Record annual average; intraday spike to ~$54,200 in May 2007.. Against that backdrop, the annual average climbed 53.5%, from $24,254 in 2006 to $37,230.

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.