Nickel Price in 2018
In 2018, the price of nickel averaged $13,114 per tonne, up 26.0% from the year before. This page covers the 2018 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
2018 Average
$13,114
LME annual average, USD/tonne
Change vs 2017
+26.0%
from $10,410 in 2017
What happened to the nickel price in 2018
Nickel averaged $13,114 per tonne in 2018, climbing 26.0% from the $10,410 average of 2017.
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 2018 average of $13,114 equals about $16,833 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 2018?
What is a 2018 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.