Home / Prices / Nickel Nickel price history, 1960 to 2026 LME cash averaged $16,751/t in August 2026, +12% over twelve months and +62% over ten years. The nominal all-time high was $52,179/t in May 2007; in 2024 dollars the real peak was $79,168/t in May 2007. Monthly averages, World Bank Pink Sheet.
Nickel monthly prices, $/t, Jan 1960 to Jul 2026 Line chart of nickel monthly prices in $/t from Jan 1960 to Jul 2026: LME cash from 1,631 to 16,751, peaking at 52,179; Nickel, melting grade, LME spot (IMF) from 7,531 to 16,632, peaking at 51,783. 0 10,000 20,000 30,000 40,000 50,000 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 $/t Derived price statistics per series Series Latest 1 month 12 months 5 years 10 years 20 years All-time high (nominal) All-time high (real, 2024 US$) LME cash$/t, since 1960 16,751August 2026 +1% +12% -12% +62% -46% 52,179May 2007 79,168May 2007 Nickel, melting grade, LME spot (IMF)$/t, since 1992 16,632July 2026 -5% +11% -12% +62% -36% 51,783May 2007 78,568May 2007
Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.
Source: World Bank Pink Sheet , 2026-09-02, fetched 6 September 2026 (CC BY 4.0); IMF PCPS , 2026-08-06, fetched 6 September 2026 (© International Monetary Fund. All rights reserved (IMF terms of use)) .
Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how nickel is priced .
Monthly nickel prices by decade Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.
1960s 1970s 1980s 1990s 2000s 2010s 2020s
LME cash ($/t) LME cash monthly prices, 1960s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1960 1,631 1,631 1,631 1,631 1,631 1,631 1,631 1,631 1,631 1,631 1,631 1,631 1,631 1961 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1,711 1962 1,761 1,761 1,761 1,761 1,761 1,761 1,761 1,761 1,761 1,761 1,761 1,761 1,761 1963 1,741 1,742 1,742 1,741 1,742 1,742 1,741 1,742 1,742 1,741 1,742 1,742 1,742 1964 1,741 1,742 1,742 1,741 1,742 1,742 1,741 1,742 1,742 1,741 1,742 1,742 1,742 1965 1,735 1,735 1,735 1,735 1,735 1,735 1,735 1,735 1,735 1,735 1,735 1,735 1,735 1966 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1967 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1968 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 1969 2,363 2,363 2,363 2,363 2,363 2,363 2,363 2,363 2,363 2,363 2,363 2,363 2,363
LME cash monthly prices, 1970s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1970 2,846 2,846 2,846 2,846 2,846 2,846 2,846 2,846 2,846 2,846 2,846 2,846 2,846 1971 2,932 2,932 2,932 2,932 2,932 2,932 2,932 2,932 2,932 2,932 2,932 2,932 2,932 1972 3,080 3,080 3,080 3,080 3,080 3,080 3,080 3,080 3,080 3,080 3,080 3,080 3,080 1973 3,373 3,373 3,373 3,373 3,373 3,373 3,373 3,373 3,373 3,373 3,373 3,373 3,373 1974 3,572 3,572 3,572 3,572 3,572 3,572 4,079 4,079 4,079 4,079 4,079 4,079 3,826 1975 4,431 4,431 4,431 4,431 4,431 4,431 4,431 4,431 4,852 4,852 4,852 4,852 4,571 1976 4,850 4,850 4,850 4,850 4,850 4,850 4,850 4,850 4,938 5,313 5,313 5,313 4,973 1977 5,313 5,313 5,313 5,187 5,282 5,313 5,313 5,313 5,313 4,586 4,586 4,586 5,118 1978 4,586 4,586 4,586 4,696 4,696 4,645 4,586 4,586 4,586 4,586 4,586 4,586 4,609 1979 4,586 4,546 4,819 5,379 5,968 6,519 6,614 6,614 6,614 6,614 6,614 6,945 5,986
LME cash monthly prices, 1980s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1980 6,585 6,979 6,734 6,233 6,001 6,295 6,622 6,585 6,655 6,692 6,453 6,391 6,519 1981 6,404 6,371 6,292 6,307 6,352 6,169 6,150 5,999 5,579 5,217 5,100 5,496 5,953 1982 5,629 5,717 5,653 5,394 5,212 5,187 5,069 4,953 4,310 3,917 3,434 3,576 4,838 1983 3,797 4,228 4,832 4,818 5,032 4,883 4,804 4,853 4,911 4,674 4,585 4,657 4,673 1984 4,671 4,640 4,781 4,912 4,811 4,773 4,640 4,736 4,706 4,750 4,748 4,859 4,752 1985 4,947 5,051 5,212 5,490 5,604 5,553 5,091 4,908 4,570 4,240 4,035 4,090 4,899 1986 4,035 3,988 4,123 3,999 4,043 4,087 3,911 3,807 3,724 3,644 3,642 3,572 3,881 1987 3,525 3,717 3,772 3,898 4,436 4,436 4,753 5,307 5,333 5,692 5,937 7,661 4,872 1988 8,073 8,667 15,497 18,012 17,025 15,590 14,591 14,187 11,878 11,558 13,342 16,920 13,778 1989 17,725 18,524 17,157 15,261 13,454 12,143 12,275 12,910 11,222 10,425 9,793 8,809 13,308
LME cash monthly prices, 1990s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1990 7,056 6,977 9,267 8,940 8,698 8,422 9,318 10,957 10,844 9,145 8,587 8,158 8,864 1991 8,569 8,672 8,701 9,021 8,452 8,280 8,541 8,145 7,681 7,443 7,245 7,118 8,156 1992 7,517 7,862 7,418 7,421 7,327 7,193 7,498 7,268 6,918 6,305 5,565 5,724 7,001 1993 5,931 6,039 5,971 5,972 5,763 5,532 5,036 4,722 4,353 4,449 4,634 5,119 5,293 1994 5,578 5,825 5,588 5,408 6,087 6,282 6,227 5,860 6,365 6,748 7,556 8,556 6,340 1995 9,593 8,505 7,532 7,398 7,232 7,872 8,597 8,945 8,405 8,062 8,506 8,091 8,228 1996 7,862 8,216 8,022 8,043 8,027 7,709 7,204 7,054 7,318 7,031 6,943 6,581 7,501 1997 7,072 7,735 7,896 7,316 7,483 7,062 6,836 6,761 6,504 6,380 6,140 5,945 6,928 1998 5,492 5,387 5,396 5,394 5,020 4,476 4,325 4,081 4,102 3,872 4,132 3,878 4,630 1999 4,269 4,626 5,011 5,103 5,399 5,195 5,700 6,449 7,028 7,321 7,950 8,083 6,011
LME cash monthly prices, 2000s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2000 8,310 9,653 10,280 9,728 10,130 8,411 8,164 8,007 8,638 7,678 7,340 7,314 8,638 2001 6,995 6,524 6,134 6,330 7,061 6,641 5,937 5,521 5,027 4,825 5,078 5,264 5,945 2002 6,043 6,029 6,538 6,958 6,761 7,120 7,143 6,717 6,640 6,804 7,314 7,193 6,772 2003 8,026 8,623 8,379 7,910 8,331 8,875 8,797 9,351 9,965 11,047 12,087 14,163 9,630 2004 15,327 15,145 13,715 12,848 11,118 13,534 15,023 13,680 13,271 14,404 14,045 13,769 13,823 2005 14,505 15,350 16,191 16,142 16,932 16,160 14,581 14,893 14,228 12,403 12,116 13,429 14,744 2006 14,555 14,979 14,897 17,942 21,077 20,755 26,586 30,744 30,131 32,703 32,114 34,570 24,254 2007 36,811 41,184 46,325 50,267 52,179 41,719 33,426 27,652 29,538 31,055 30,610 25,992 37,230 2008 27,690 27,955 31,225 28,763 25,735 22,549 20,160 18,928 17,795 12,140 10,702 9,686 21,111 2009 11,307 10,409 9,696 11,166 12,635 14,960 15,985 19,642 17,473 18,525 16,991 17,066 14,655
LME cash monthly prices, 2010s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2010 18,439 18,976 22,461 26,031 22,008 19,389 19,518 21,413 22,643 23,807 22,909 24,111 21,809 2011 25,646 28,252 26,710 26,408 24,237 22,421 23,848 21,845 20,378 19,039 17,873 18,267 22,910 2012 19,855 20,394 18,661 17,940 17,068 16,549 16,128 15,735 17,288 17,169 16,335 17,449 17,548 2013 17,473 17,690 16,725 15,673 14,948 14,280 13,750 14,315 13,801 14,118 13,684 13,925 15,032 2014 14,101 14,204 15,678 17,374 19,401 18,629 19,118 18,600 18,035 15,812 15,807 15,962 16,893 2015 14,849 14,574 13,756 12,831 13,511 12,825 11,413 10,386 9,938 10,317 9,244 8,708 11,863 2016 8,507 8,299 8,717 8,879 8,660 8,928 10,263 10,336 10,192 10,260 11,129 10,972 9,595 2017 9,971 10,643 10,205 9,609 9,155 8,932 9,491 10,890 11,216 11,336 11,972 11,495 10,410 2018 12,865 13,596 13,393 13,938 14,366 15,106 13,794 13,411 12,510 12,315 11,240 10,835 13,114 2019 11,523 12,685 13,026 12,773 12,016 11,944 13,546 15,749 17,657 17,046 15,172 13,829 13,914
LME cash monthly prices, 2020s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2020 13,507 12,716 11,846 11,804 12,180 12,727 13,402 14,538 14,857 15,239 15,808 16,823 13,787 2021 17,863 18,584 16,407 16,521 17,577 17,980 18,819 19,141 19,377 19,362 19,933 20,016 18,465 2022 22,355 24,016 33,924 33,133 28,063 25,659 21,482 22,057 22,774 22,033 25,563 28,947 25,834 2023 28,195 26,728 23,289 23,895 21,970 21,233 21,091 20,439 19,645 18,281 17,027 16,461 21,521 2024 16,104 16,338 17,439 18,164 19,587 17,498 16,335 16,292 16,077 16,766 15,723 15,445 16,814 2025 15,394 15,288 16,066 15,113 15,346 15,003 15,034 14,949 15,106 15,092 14,671 14,884 15,162 2026 17,769 17,173 17,076 17,962 18,806 17,588 16,651 16,751 17,472
Nickel, melting grade, LME spot (IMF) ($/t) Nickel, melting grade, LME spot (IMF) monthly prices, 1990s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1992 7,531 7,888 7,430 7,418 7,334 7,202 7,516 7,280 6,919 6,323 5,594 5,751 7,015 1993 5,948 6,051 5,975 5,988 5,778 5,544 5,051 4,740 4,376 4,465 4,642 5,140 5,308 1994 5,584 5,830 5,590 5,400 6,083 6,287 6,231 5,856 6,371 6,736 7,475 8,541 6,332 1995 9,596 8,431 7,522 7,405 7,262 7,877 8,618 8,932 8,397 8,069 8,498 8,074 8,224 1996 7,871 8,199 8,046 8,047 8,043 7,713 7,203 7,038 7,330 7,029 6,961 6,571 7,504 1997 7,069 7,737 7,893 7,313 7,476 7,060 6,833 6,764 6,498 6,373 6,137 5,942 6,925 1998 5,489 5,367 5,397 5,391 5,017 4,457 4,333 4,078 4,101 3,870 4,117 3,866 4,624 1999 4,264 4,623 5,003 5,055 5,396 5,195 5,696 6,431 7,029 7,318 7,947 8,073 6,003
Nickel, melting grade, LME spot (IMF) monthly prices, 2000s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2000 8,315 9,584 10,255 9,747 10,123 8,384 8,175 8,038 8,625 7,651 7,351 7,319 8,631 2001 6,976 6,547 6,165 6,363 7,086 6,674 5,963 5,526 5,058 4,831 5,131 5,316 5,970 2002 6,061 6,040 6,543 6,957 6,771 7,148 7,138 6,737 6,665 6,819 7,315 7,206 6,783 2003 8,033 8,608 8,340 7,931 8,348 8,839 8,832 9,360 9,996 11,040 12,052 14,185 9,630 2004 15,089 15,099 13,787 12,726 11,229 13,599 15,020 13,640 13,430 14,378 14,090 13,765 13,821 2005 14,564 15,416 16,240 16,138 17,002 16,113 14,588 14,962 14,155 12,431 12,235 13,490 14,778 2006 14,661 14,975 14,925 18,029 21,131 20,586 26,186 30,469 29,703 32,551 31,892 34,401 24,126 2007 36,822 41,078 46,125 49,957 51,783 41,552 33,400 27,650 29,548 31,156 30,506 26,054 37,136 2008 27,775 28,065 31,093 28,777 25,657 22,563 20,107 19,112 17,782 12,145 10,777 9,847 21,141 2009 11,563 10,411 9,711 11,332 12,720 14,944 16,017 19,376 17,405 18,489 16,911 17,122 14,667
Nickel, melting grade, LME spot (IMF) monthly prices, 2010s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2010 18,406 19,061 22,467 26,029 21,930 19,411 19,549 21,449 22,690 23,794 22,836 24,100 21,810 2011 25,621 28,412 26,710 26,332 24,165 22,421 23,848 21,865 20,378 19,039 17,873 18,246 22,909 2012 19,909 20,394 18,661 17,893 16,968 16,604 16,128 15,704 17,288 17,169 16,335 17,449 17,542 2013 17,494 17,690 16,732 15,629 14,948 14,280 13,750 14,308 13,801 14,118 13,684 13,925 15,030 2014 14,101 14,204 15,678 17,374 19,401 18,629 19,118 18,600 18,035 15,812 15,807 15,962 16,893 2015 14,849 14,574 13,756 12,831 13,511 12,825 11,413 10,386 9,938 10,317 9,244 8,708 11,863 2016 8,507 8,299 8,717 8,879 8,660 8,928 10,263 10,336 10,192 10,260 11,129 10,972 9,595 2017 9,971 10,643 10,205 9,609 9,155 8,932 9,491 10,890 11,216 11,336 11,972 11,495 10,410 2018 12,865 13,596 13,393 13,938 14,366 15,106 13,794 13,411 12,510 12,315 11,240 10,835 13,114 2019 11,523 12,685 13,026 12,773 12,016 11,944 13,546 15,749 17,657 17,046 15,172 13,829 13,914
Nickel, melting grade, LME spot (IMF) monthly prices, 2020s, $/t Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2020 13,507 12,716 11,846 11,804 12,180 12,727 13,402 14,576 14,857 15,239 15,808 16,823 13,790 2021 17,863 18,584 16,407 16,521 17,602 17,980 18,819 19,141 19,377 19,362 19,933 20,016 18,467 2022 22,355 24,016 33,924 33,134 28,229 25,877 21,482 22,035 22,774 22,033 25,563 28,986 25,867 2023 28,271 26,728 23,289 23,771 22,135 21,233 21,091 20,446 19,645 18,264 17,027 16,444 21,529 2024 16,112 16,338 17,397 18,132 19,577 17,498 16,335 16,303 16,168 16,766 15,727 15,439 16,816 2025 15,374 15,287 16,048 15,146 15,350 15,003 15,034 14,948 15,103 15,092 14,671 14,879 15,161 2026 17,711 17,173 17,076 17,865 18,793 17,588 16,632 17,548
Method Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.
Downloads Cite as: Commodity Origins, "Nickel price history (1960–2026)", https://commodityorigins.com/prices/nickel/, data 2026-09-02. Data updated 6 September 2026.