Global price of Nickel
This dataset tracks global price of nickel over time.
Latest Value
15003.11
Year-over-Year Change
-14.26%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of nickel, as measured by the PNICKUSDM series, is a key economic indicator for commodity markets and industrial production.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PNICKUSDM series tracks the spot price of nickel, a critical metal used in various industrial and manufacturing applications such as stainless steel production. Nickel prices are monitored closely by economists and policymakers to gauge global economic activity and inflationary pressures.
Methodology
The price data is collected from major global commodity exchanges.
Historical Context
Nickel prices influence the costs of many industrial goods and are considered an important leading indicator for the broader economy.
Key Facts
- Nickel is a key ingredient in stainless steel production.
- Global nickel supply is dominated by a few major producers.
- Nickel prices can be volatile due to factors like geopolitics and natural disasters.
FAQs
Q: What does this economic trend measure?
A: The PNICKUSDM series tracks the global spot price of nickel, a critical industrial metal used in various manufacturing applications.
Q: Why is this trend relevant for users or analysts?
A: Nickel prices are closely watched by economists and policymakers as an indicator of global economic activity and inflationary pressures.
Q: How is this data collected or calculated?
A: The nickel price data is collected from major global commodity exchanges.
Q: How is this trend used in economic policy?
A: Nickel prices influence the costs of many industrial goods and are considered a leading indicator for the broader economy, which is relevant for policymakers.
Q: Are there update delays or limitations?
A: The nickel price data is updated regularly, but may be subject to delays or limitations inherent in global commodity market reporting.
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Citation
U.S. Federal Reserve, Global price of Nickel (PNICKUSDM), retrieved from FRED.