Nickel Futures Price Today

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Nickel futures dropped to around $17,500 per tonne mark after touching a nearly four-month high on March 4th, as concerns over tight supply in Indonesia softened. The country's government has approved requests for the mining production quota for more than 120 mineral companies on March 5th and set the goal to complete the process this month. Previously, the delay in new mining quotas issuance prompted several smelters to curb production. Additionally, the metal was pressured by worsened industrial outlook since the parliament of major consumer China failed to roll out more stimulus measures to its struggling construction sector.

Nickel increased 1,150.75 USD/MT or 7.03% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel - data, forecasts, historical chart - was last updated on March 6 of 2024.

Nickel increased 1,150.75 USD/MT or 7.03% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel is expected to trade at 17233.06 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 15987.36 in 12 months time.