Nickel Price in 2012
In 2012, the price of nickel averaged $17,548 per tonne, down 23.4% from the year before. This page covers the 2012 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
2012 Average
$17,548
LME annual average, USD/tonne
Change vs 2011
-23.4%
from $22,910 in 2011
2012 High
$21,714
from daily trading data
2012 Low
$15,230
from daily trading data
Year-End Close
$17,104
last trading day of 2012
What happened to the nickel price in 2012
Nickel averaged $17,548 per tonne in 2012, sliding 23.4% from the $22,910 average of 2011. Daily trading data shows nickel moved between a low of $15,230 and a high of $21,714 during the year, ending 2012 at $17,104.
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 2012 average of $17,548 equals about $24,633 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 2012?
What is a 2012 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.