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Recent Nickel Price History — 10-Day Window
All prices in ₹ per gram · daily rate, updated once per day
Nickel Price History: the Short Version
Today's reference point in that history is ₹1.41 per gram, recorded on September 17, 2026. Nickel's story as a traded commodity does not read like most industrial metals. It is a metal with two genuinely different demand bases — old-economy stainless steel and newer EV battery cathodes — sitting on top of a supply base that has become unusually concentrated in one country. That combination has made its price history noisier, and at least once, far more dramatic, than most base metals ever produce.
The single event every serious nickel history has to include happened in March 2022. Prices more than doubled within hours in a short squeeze severe enough that the London Metal Exchange suspended nickel trading entirely — something it had not done in decades — and cancelled a full day's trades to unwind the damage. It stands as one of the starkest examples in modern memory of what happens when positioning, thin liquidity and a tightening physical market collide at the same time.
Today's Entry in Nickel Price History, by Weight
Today's Nickel rate is One Rupees per gram. At this rate, 10 grams of Nickel costs Fourteen Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹1.41 | One Rupees |
| 8 Grams | 8.0000 g | ₹11.28 | Eleven Rupees |
| 10 Grams | 10.0000 g | ₹14.11 | Fourteen Rupees |
| 100 Grams | 100.0000 g | ₹141.06 | One Hundred and Forty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹1,410.57 | One Thousand Four Hundred and Eleven Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹39.99 | Forty Rupees |
| 1 Troy Ounce | 31.1035 g | ₹43.87 | Forty Four Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹1,410,573.00 | Fourteen Lakh Ten Thousand Five Hundred and Seventy Three Rupees |
What the 2022 Squeeze Actually Changed
The March 2022 episode was not just a wild trading day — it left a mark on how the exchange and the market around it operate. A trading suspension of that scale, and the decision to cancel an entire day's trades, was a reminder that even a metal traded on a major global exchange can outrun the mechanisms built to keep an orderly market. It sharpened attention on how concentrated a position — and how concentrated the underlying supply chain — had become before the event ever happened.
Supply concentration is the recurring theme
Indonesia's rise to become by far the largest nickel-producing country, built on years of investment in domestic smelting and processing capacity, is central to understanding both the 2022 episode and nickel's price behaviour more generally. When one country holds that much of global supply, a policy shift there — export rules, investment decisions, processing capacity changes — carries more weight on the world price than the same kind of shift would for a metal with a broader, more evenly spread supply base. The Philippines, Russia, Canada and Australia remain real producers, but none approach Indonesia's current share.
On the demand side, the growth of nickel-rich EV battery cathode chemistries — NMC and NCA in industry shorthand — added a second, faster-moving demand line on top of the older, larger stainless steel base. Two demand stories that don't always move in sync is part of why nickel's price history reads less smoothly than a single-demand-driver metal's would.
Nickel Price History — Daily Record
The most recent Nickel price on record (2026-09-17) is One Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹1.41 | +0.00 |
| 2026-09-16 | ₹1.41 | +0.01 |
| 2026-09-15 | ₹1.39 | -0.03 |
| 2026-09-14 | ₹1.43 | -0.01 |
| 2026-09-13 | ₹1.44 | +0.00 |
| 2026-09-12 | ₹1.43 | +0.00 |
| 2026-09-11 | ₹1.43 | -0.02 |
| 2026-09-10 | ₹1.45 | -0.01 |
| 2026-09-09 | ₹1.46 | +0.01 |
| 2026-09-08 | ₹1.45 | — |
Where to Find the Actual Numbers
This page is deliberately a narrative, not a data table — it explains what happened and why it matters, rather than listing every historical price point. For the real recorded daily and monthly figures, MetalsCost's dedicated year archive covers the exact data rather than a general account of it; the link sits in the resources section below and in the history table above.
The honest takeaway from nickel's price history is not a prediction about what comes next — that belongs on the forecast page, not here — but a sense of how this particular metal behaves under stress. Supply concentration and a dual demand base have made it prone to sharper moves than the average base metal, and March 2022 remains the clearest evidence of just how sharp those moves can get.
Nickel Price History — FAQs
Nickel went through a well-documented short squeeze on the London Metal Exchange, with prices more than doubling within hours as short sellers were forced to close out positions they could no longer sustain. The exchange responded by suspending nickel trading entirely — the first time it had done so in decades — and cancelling a full day of trades. It remains one of the most disruptive single events in modern base-metals trading.
A concentrated set of large short positions collided with a rapidly tightening market and thin trading liquidity, and prices spiralled faster than the exchange's normal mechanisms could absorb. The exact chain of positioning that caused it has been examined in detail elsewhere; the durable lesson for this page is simpler — nickel can move violently when supply, positioning and liquidity all tighten at once.
This page covers the trend and the notable 2022 episode qualitatively. For the exact recorded daily and monthly figures, MetalsCost's dedicated year archive at /nickel-price-history/2026 holds the real recorded data rather than a general narrative.
Nickel has generally shown more day-to-day movement than some other base metals, a pattern tied to its concentrated supply base — Indonesia now accounts for the large majority of global production — and to demand that spans two different industries, stainless steel and EV batteries, which do not always move together.
History shows what has happened, not what will happen next, and this page deliberately avoids making that leap. It is useful for understanding how nickel behaves under stress and what structural factors — supply concentration, dual demand drivers — tend to be involved when it does.
