Nickel ETFs
Our comprehensive list of Nickel ETFs on U.S. exchanges
Table Guide
| Column | Description |
|---|---|
| Assets ($M) | ETF assets in USD millions |
| Exp Ratio | Expense Ratio |
| % Off Hi | Current Price / 52wk High - 1 |
| % Off Lo | Current Price / 52wk Low - 1 |
| Manchin | Price return since 6/30/2022, the day Joe Manchin announced support for Inflation Reduction Act |
Nickel ETFs 5Y Performance
Featured Data
Nickel's Projected 'Green Demand' Growth
Nickel Demand By Clean Technology
Nickel Investing FAQ
Why is nickel used in EV batteries?
- Nickel is used in EV batteries primarily due to its energy density, which can improve driving range.
- Nickel is a relatively cheap and abundant metal.
What could replace nickel in EV batteries?
- The biggest threat to nickel's role in EV battery chemistries is the Lithium-iron-phosphate (LFP) battery, which does not contain nickel.
- LFP batteries have a shorter driving range, but are cheaper to make and have a smaller carbon footprint.
Which country mines the most nickel?
- Indonesia is the leading producer of mined nickel, with an estimated 49% of global mine production in 2022.
- Following Indonesia are the Philippines (10%) and Russia (7%).
Source: U.S. Geological Survey 2023 Mineral Commodity Summaries.
What are the primary uses of mined nickel?
According to the U.S. Geological Survey, a vast majority of nickel consumed in western countries is used to make stainless steel. The full breakdown:
- 65% - austenitic stainless steel
- 12% - superalloys
- 23% - other (includes alloy steels, rechargeable batteries, coinage and other uses.)
What is the most commonly traded nickel futures contract?
- The primary nickel futures contract is listed on the London Metal Exchange.
- The price is quoted in USD per tonne, with a lot size of 6 tonnes Nickel of at least 99.80% purity.
- There are also nickel futures contracts traded on the Hong Kong Exchange and Shanghai Futures Exchange.
How is nickel used in the Energy Transition?
- Nickel is used to make steel that goes into the gearboxes, ladders, fasteners and control panels of wind turbines.
- Geothermal infrastructure is steel intensive.
- Certain EV battery chemistries use nickel, such as the nickel-cobal-aluminum (NCA) battery used by Tesla.
Selected Nickel Stocks 5Y Performance
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