Market Data
Price
$ 7.0233
Ask
$7.06
24h Change
-0.47%
About Nickel
Nickel is primarily used in stainless steel production and increasingly in EV battery cathodes. A key industrial metal traded on the London Metal Exchange.
- Chemical symbol Ni, atomic number 28
- ~70% of production goes into stainless steel
- Critical component in lithium-ion battery cathodes (NMC chemistry)
- Indonesia produces ~50% of world supply
- LME nickel famously short-squeezed in March 2022