Nickel Price, Historical Charts, Forecasts & News Provided by Procurement Resource

Nickel (Ni) is an earth element that is found abundantly on the earth’s crust and core. The metal is silvery-whitish in colour and has a lustrous texture. The metal occurs naturally in soil and water. It is an essential nutrient required by plants. It belongs to the transition metal group, with atomic number 28. It’s melting and boiling points measure around 1453° C and 2913° C, respectively.

Nickel is mainly obtained from laterite and sulfide ores, which are extracted from the earth’s surface and then processed accordingly. The metal is highly ductile, hard, and ferromagnetic in nature. It is resistant to corrosion and oxidation and is primarily used in manufacturing alloys such as stainless steel.

Request for Real-Time Nickel Prices:

The key importing countries for Nickel are India, the United States, and Vietnam. On the other hand, the primary exporting countries are India, Germany, and China.

Key Details About the Nickel Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Nickel price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Nickel Price Trend, including India Nickel price, USA Nickel price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Nickel Price Trend:

Price Trend Image 7Nickel is a common industrial metal that is extensively used to manufacture alloys. The materials manufactured using Nickel contain better corrosion resistivity, good strength, stable toughness at high and low temperatures, and better electrical and thermal conductivity.

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Nickel has several other applications other than manufacturing alloys. It produces batteries, kitchen wares, medical equipment, jewelry, and mobile phones. It is used for plating and coating architectural or building components, using Nickel alloys such as stainless steel, Monel metal, Nickel silver, etc. It is also used in turbine blades, boat propeller shafts, batteries such as rechargeable Nickel-cadmium and Nickel-metal hydride batteries used in vehicles, and more.

Key Players:

  • Umicore N.V
  • American Elements
  • Vale S.A.
  • MMC Norilsk Nickel PJSC
  • Jinchuan Group International Resources Co. Ltd
  • Glencore plc
  • PT Timah (Persero) Tbk

News & Recent Development

  • Date: May 30, 2023- The Indonesian government has announced to launch of its Nickel price index for the current year, which will differ from the current HPM price active on Nickel ores. The government has also proposed to put off the collection of export duties on Nickel products at the SMM Industrial Conference 2023.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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