What is the current level of nickel price?

Nickel Price is at a current level of 19644.64, down from 20438.65 last month and down from 22773.97 one year ago. This is a change of -3.88% from last month and -13.74% from one year ago. In depth view into Nickel Price including historical data from 1960 to 2023, charts and stats.

What is a nickel coin?

In the commodities markets, nickel is a type of base metal, whereas in everyday language it refers to a five-cent U.S. dollar (USD) coin. Traders use the term nickel to refer to a small change in some underlying instrument, such as an interest rate of a currency pair.

What is nickel shorthand?

“Nickel,” for instance, is shorthand for a 0.05% change. Another area where this shorthand is used is when traders and other market participants are speculating about the potential interest rate changes made by a central bank.

Where is nickel used?

Nickel is mainly used in the production of stainless steel and other alloys and can be found in food preparation equipment, mobile phones, medical equipment, transport, buildings, power generation. The biggest producers of nickel are Indonesia, the Philippines, Russia, New Caledonia, Australia, Canada, Brazil, China and Cuba.