Nickel Stocks
A comprehensive list of Nickel stocks trading on U.S. exchanges and OTC markets
Nickel Stocks by Market Cap
Nickel Market Key Terms
Nickel Sulphate
- An inorganic compound with the chemical formula NiSO4.
- A key cathode component for many lithium-ion battery types.
- Can help achieve higher energy density by improving the stability and performance of the cathodes, leading to longer driving ranges for the EV.
Ferronickel
- A type of nickel alloy that is produced by smelting nickel ore with iron.
- The resulting alloy typically contains 20% to 40% nickel and is used primarily in the production of stainless steel.
- Adds corrosion resistance and toughness to stainless steel, making it vital to many industrial and consumer applications.
- Also used to produce nickel-based superalloys used in the aerospace and power generation industries.
Hydrometallurgy
- A process of extracting metals from ore using water based solutions.
- In the case of nickel, hydrometallurgy involves the use of various chemical processes to extract nickel from its ores, such as leaching and solvent extraction, and is often used in conjunction with pyrometallurgy for refining.
- More environmentally friendly compared to traditional pyrometallurgical methods of processing ores.
Nickel Matte
- A mixture of nickel, copper, iron, and other metals, along with sulfur and other impurities, that is produced during the refining of nickel sulfide ores.
- An important intermediate product in the production of nickel and is widely used in the industry.
Selected Nickel Stocks 5Y Performance
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.
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