Nickel Profile
· ₹1,493.18/kg today · Live chart →
Still mostly a stainless-steel metal, despite years of headlines making it sound like it belongs entirely to the EV battery story — and the metal behind one of the most chaotic single weeks any exchange on this site has seen.
LME
SHFE
MCXWhere Nickel Is Produced & Consumed
Among this site's tracked countries:
Notable producers
Major consumers
Stainless Steel's Backbone
Stainless steel remains the largest single use for nickel by a wide margin, even as EV battery chemistries (nickel-rich cathodes) have grown fast enough to reshape expectations for future demand — the two markets pull on the same metal for very different reasons.
The Week the Market Broke
In March 2022, a short squeeze more than doubled nickel prices within hours, forcing the LME to suspend nickel trading for the first time in decades and cancel a full day of trades — still one of the most debated episodes in modern metals-market history.
Did You Know?
Indonesia's rapid rise as a nickel producer and processor over the past decade has reshaped global supply more than almost any other single-country shift in this dataset — despite Indonesia not being one of this site's 22 tracked countries.
Frequently Asked Questions
The Nickel price in India today is ₹1,493.18 per kilogram as of August 4, 2026. See the live price and chart for the full 10-day trend.
Nickel is bought mainly by stainless-steel producers (the largest use by volume), battery manufacturers building nickel-rich EV cathodes, and electroplating and superalloy makers.
Among the countries tracked on this site, Canada, Australia are notable producers, while China, Japan, South Korea, USA are among the largest consumers.
Nickel is tracked on LME, SHFE, MCX — see each exchange's market profile for how it actually works.
