Nickel Price in 2019
In 2019, the price of nickel averaged $13,914 per tonne, up 6.1% from the year before. This page covers the 2019 average, high, low, and year-end close, the events that moved the market, and what that nickel would be worth in today's dollars.
2019 Average
$13,914
LME annual average, USD/tonne
Change vs 2018
+6.1%
from $13,114 in 2018
2019 High
$18,843
from daily trading data
2019 Low
$10,533
from daily trading data
Year-End Close
$14,025
last trading day of 2019
What happened to the nickel price in 2019
Nickel averaged $13,914 per tonne in 2019, up 6.1% from $13,114 the year before. Daily trading data shows nickel moved between a low of $10,533 and a high of $18,843 during the year, ending 2019 at $14,025.
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 2019 average of $13,914 equals about $17,538 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 2019?
What is a 2019 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.