Market

Lite

Global Nickel Prices Rise from the Beginning of the Year to May 2024

Adi Ahdiat 05/06/2024 15:36 WIB

Bagikan URL has been copied

Memuat...

According to World Bank data, nickel prices rose for four consecutive months from February to May 2024.

Average Monthly Global Nickel Price (January 2020-May 2024)*

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Global Nickel Prices Rise from the Beginning of the Year to May 2024

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Average Monthly Global Nickel Price (January 2020-May 2024)*

Download

Source

A Small
A Medium
A Bigger

Global nickel prices rose for four consecutive months from February to May 2024.

According to World Bank data, in May 2024, the average price of nickel with a minimum purity of 99.8% on the London Metal Exchange (LME) reached US$19,586.98 per ton.

Compared to the beginning of the year, the global nickel price in May 2024 had increased by 21.6% (year-to-date).

However, compared to May of the previous year, the price was still 10.8% lower (year-on-year).

The World Bank also projects that nickel prices this year will fluctuate, with an average price of around US$17,000 per ton, 21% lower than the average price in 2023, which reached US$21,521 per ton.

According to the World Bank, the decline in nickel prices is partly due to increased supply.

"Global nickel production is expected to increase in 2024, despite some mine closures in response to persistently lower nickel prices, which have fallen by almost 40 percent since 2022," the World Bank stated in its April 2024 Commodity Markets Outlook report.

"The increase in nickel production largely comes from Indonesia and reflects a surge in smelter investment, mostly from China," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Malang's Air Quality Cleanest in Indonesia This Afternoon (27/12)

Prevalence of Food Consumption Inadequacy in Pacitan Reaches 14.05% in 2024

16.33 Thousand Residents of Pulau Taliabu Regency are Elementary School Graduates in December 2024

Ministry of Environment and Forestry: Number of Hotspots in Indonesia Reaches 192 in Last 24 Hours (Saturday, December 27, 2025)

The Average Length of Schooling for Semarang City Residents Rose to 11.11 Years

Riau Most Polluted in Indonesia This Morning (27/12)

Latest Data Stories

The daily price of green chilies at Modern Markets in Bangka Belitung Province over the last month remains at Rp82,900 per kg. Economics & Macro 27/12/2025, 17:57 WIB

Malang's Air Quality Cleanest in Indonesia This Afternoon (27/12) Consumer Services & Health 27/12/2025, 17:33 WIB

Chicken Prices in Traditional Markets of West Nusa Tenggara Province Increased by 2.42% in the Last Month Economics & Macro 27/12/2025, 17:27 WIB

Average Per Capita Monthly Expenditure in South Papua 2024 Consumer Services & Health 27/12/2025, 16:11 WIB

Automotive, Motorcycle, and Repair Sector PDRB of ADHB 2013-2023 Technology & Telecommunications 27/12/2025, 15:40 WIB

Price of Medium-Sized Red Onions in Traditional Markets, May 2024-2025 Economics & Macro 27/12/2025, 15:30 WIB

Download

Source

Global Nickel Prices Rise from the Beginning of the Year to May 2024

Global Nickel Prices Rise from the Beginning of the Year to May 2024

Tags

Related Data

Malang's Air Quality Cleanest in Indonesia This Afternoon (27/12)

Prevalence of Food Consumption Inadequacy in Pacitan Reaches 14.05% in 2024

16.33 Thousand Residents of Pulau Taliabu Regency are Elementary School Graduates in December 2024

Ministry of Environment and Forestry: Number of Hotspots in Indonesia Reaches 192 in Last 24 Hours (Saturday, December 27, 2025)

The Average Length of Schooling for Semarang City Residents Rose to 11.11 Years

Riau Most Polluted in Indonesia This Morning (27/12)

Latest Data Stories

Popular Data

Global Nickel Prices Rise from the Beginning of the Year to May 2024

Global Nickel Prices Rise from the Beginning of the Year to May 2024

Tags

Related Data

Malang's Air Quality Cleanest in Indonesia This Afternoon (27/12)

Prevalence of Food Consumption Inadequacy in Pacitan Reaches 14.05% in 2024

16.33 Thousand Residents of Pulau Taliabu Regency are Elementary School Graduates in December 2024

Ministry of Environment and Forestry: Number of Hotspots in Indonesia Reaches 192 in Last 24 Hours (Saturday, December 27, 2025)

The Average Length of Schooling for Semarang City Residents Rose to 11.11 Years

Riau Most Polluted in Indonesia This Morning (27/12)

Latest Data Stories

Trending Topics

Popular Data