Nickel Price in 2025

In 2025, the price of nickel averaged $15,162 per tonne, down 9.8% from the year before. This page covers the 2025 average, high, low, and year-end close.

2025 Average

$15,162

LME annual average, USD/tonne

Change vs 2024

-9.8%

from $16,814 in 2024

2025 High

$16,823

from daily trading data

2025 Low

$13,821

from daily trading data

Year-End Close

$16,695

last trading day of 2025

Nickel Price Chart, 2005 to 2025

Annual average nickel price per tonne, 2005 to 2025, with 2025 marked.

What happened to the nickel price in 2025

Nickel averaged $15,162 per tonne in 2025, down 9.8% from $16,814 the year before. Daily trading data shows nickel moved between a low of $13,821 and a high of $16,823 during the year, ending 2025 at $16,695.

A 2022 short squeeze briefly sent nickel above $100,000 intraday and forced the LME to halt and cancel trades; the annual average reached about $25,800 before Indonesian oversupply drove a multi-year decline.

Data note: Full-year figure from the World Bank's January 2026 update, subject to revision.

Frequently Asked Questions

What was the price of nickel in 2025?

Nickel averaged $15,162 per tonne in 2025, based on World Bank and LME annual average data. Daily prices ranged from a low of $13,821 to a high of $16,823, and the year closed at $16,695. That average was down 9.8% from $16,814 in 2024.

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.