Nickel Price in 2011
In 2011, the price of nickel averaged $22,910 per tonne, up 5.0% from the year before. This page covers the 2011 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
2011 Average
$22,910
LME annual average, USD/tonne
Change vs 2010
+5.0%
from $21,809 in 2010
What happened to the nickel price in 2011
Nickel averaged $22,910 per tonne in 2011, up 5.0% from $21,809 the year before.
Nickel spent the 2010s volatile and generally falling, from over $22,000 in 2011 to a 2016 oversupply low near $9,600, as Indonesian and Chinese pig-iron supply reshaped the market.
Adjusted for inflation, nickel's 2011 average of $22,910 equals about $32,832 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 2011?
What is a 2011 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.