Nickel prices refer to the market value of nickel, a metal used primarily in the production of stainless steel and batteries. Prices can fluctuate based on supply and demand, global economic conditions, and production levels from major nickel-producing countries like Indonesia and Russia. Investors and industries closely monitor nickel prices as they impact manufacturing costs and investment decisions. The rise of electric vehicles has increased demand for nickel, particularly for use in lithium-ion batteries, further influencing its market value. Understanding these dynamics is essential for stakeholders in the metal and energy sectors.