Nickel Price in 2009
In 2009, the price of nickel averaged $14,655 per tonne, down 30.6% from the year before. This page covers the 2009 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
2009 Average
$14,655
LME annual average, USD/tonne
Change vs 2008
-30.6%
from $21,111 in 2008
What happened to the nickel price in 2009
Nickel averaged $14,655 per tonne in 2009, collapsing 30.6% from the $21,111 average of 2008. The defining story of 2009: Post-crisis low..
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 2009 average of $14,655 equals about $22,020 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 2009?
What is a 2009 nickel price worth in today's dollars?
What moved the nickel price in 2009?
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.