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Nickel Price in 2016

In 2016, the price of nickel averaged $9,595 per tonne, down 19.1% from the year before. This page covers the 2016 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.

2016 Average

$9,595

LME annual average, USD/tonne

Change vs 2015

-19.1%

from $11,863 in 2015

What happened to the nickel price in 2016

Nickel averaged $9,595 per tonne in 2016, sliding 19.1% from the $11,863 average of 2015. The notable development of 2016: Multi-year low amid oversupply..

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 2016 average of $9,595 equals about $12,885 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 2016?
Nickel averaged $9,595 per tonne in 2016, based on World Bank and LME annual average data. That average was down 19.1% from $11,863 in 2015.
What is a 2016 nickel price worth in today's dollars?
Adjusted with the US Consumer Price Index, nickel's 2016 average of $9,595 works out to roughly $12,885 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 2016?
The defining story of 2016: Multi-year low amid oversupply.. Against that backdrop, the annual average fell 19.1%, from $11,863 in 2015 to $9,595.

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.