For the latest shared monthly observation, 2026-08, Aluminium was 3,251.00 USD per tonne and Nickel was 16,751.00 USD per tonne. Latest shared monthly release. The chart indexes both series to 100 at their first shared date.
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61 monthly observations · 2021-08-01 to 2026-08-01 · Starting value = 100
World Bank Pink Sheet. Ratios use aligned prices; yearly figures average monthly observations.
| Period | Aluminium index | Nickel index |
|---|---|---|
| 2026-08-01 | 124.89 | 87.51 |
| 2026-07-01 | 121.44 | 86.99 |
| 2026-06-01 | 132.12 | 91.89 |
| 2026-05-01 | 140.84 | 98.25 |
| 2026-04-01 | 138.30 | 93.84 |
| 2026-03-01 | 129.58 | 89.21 |
| 2026-02-01 | 117.75 | 89.72 |
| 2026-01-01 | 120.71 | 92.83 |
| 2025-12-01 | 110.49 | 77.76 |
| 2025-11-01 | 108.30 | 76.65 |
| 2025-10-01 | 107.30 | 78.85 |
| 2025-09-01 | 101.92 | 78.92 |
| 2025-08-01 | 99.77 | 78.10 |
| 2025-07-01 | 100.12 | 78.54 |
| 2025-06-01 | 97.04 | 78.38 |
| 2025-05-01 | 94.08 | 80.17 |
| 2025-04-01 | 91.13 | 78.96 |
| 2025-03-01 | 102.11 | 83.94 |
| 2025-02-01 | 102.11 | 79.87 |
| 2025-01-01 | 98.85 | 80.42 |
| 2024-12-01 | 97.62 | 80.69 |
| 2024-11-01 | 99.19 | 82.14 |
| 2024-10-01 | 99.73 | 87.59 |
| 2024-09-01 | 94.12 | 83.99 |
This snapshot uses the latest shared monthly observation and an initial five-year window, shortened when the common archive is smaller. It stays on that labelled basis when you explore another chart range above.
World Bank Pink Sheet. Monthly averages; not executable transaction quotes.
From 2021-08 to 2026-08, the shared monthly window changed +24.89% for Aluminium and -12.49% for Nickel. The endpoint difference was 37.38 index points. This describes the selected historical window, not a forecast.
+24.89% from 2021-08 to 2026-08.
-12.49% over the same observation dates.
Aluminium is traded in primary and alloy forms. Regional physical premiums, power costs and transport can make delivered prices differ from a headline benchmark.
Nickel specifications matter: exchange-grade refined nickel, ferronickel and battery intermediates are not interchangeable products.
Use the standalone aluminium price history and nickel price history to inspect each source series in its original unit. The commodity price archive provides frequency controls and individual CSV downloads.
Both source series use USD per tonne. Matching units make the nominal figures easier to read together, but Aluminium and Nickel still have separate specifications and markets.
Both sit in industrial metals, yet their stated uses differ: Aluminium — Transport · Packaging · Construction; Nickel — Stainless steel · Batteries · Alloys. A shared category does not make the products substitutes.
The overlapping selectable frequencies are monthly and yearly. Daily comparison is offered only when both stored series have daily coverage; otherwise monthly observations provide the common basis.
These subject–relationship–object facts keep the two commodities, their units and the chart method separate.
| Subject | Relationship | Object | Why it matters |
|---|---|---|---|
| Aluminium | is published in | USD per tonne | Read aluminium in its original source unit before converting it. |
| Nickel | is published in | USD per tonne | Read nickel in its original source unit before converting it. |
| Aluminium | is used in | Transport · Packaging · Construction | These uses provide context for aluminium demand; they do not explain every price move. |
| Nickel | is used in | Stainless steel · Batteries · Alloys | These uses provide context for nickel demand; they do not explain every price move. |
| Aluminium versus Nickel | is aligned on | 61 shared monthly observations from 2021-08 through 2026-08 | The chart compares matching dates and gives both series a starting index of 100. |
An aluminium reference does not include every cost of producing a sheet, extrusion or finished part. Primary metal, alloy material and fabricated products have distinct specifications. The table preserves the source unit so that a per-kilogram conversion is not mistaken for a change in grade.
Power and production: Electricity is an important input in primary aluminium production. Production economics provide context but should not be treated as a direct formula for the selling price.
Nickel comparisons require special attention to the product being priced. Refined nickel, ferronickel and battery intermediates have different compositions and processing requirements. A simple unit conversion cannot turn the refined reference shown here into a price for those other materials.
Processing route: Different ore and processing routes produce different materials. Composition, quality and conversion costs matter when comparing an offer with a refined benchmark.
Aluminium and nickel provide contrasting views of industrial materials: lightweight primary metal and fabricated forms on one side, specification-sensitive stainless, alloy and battery materials on the other.
Electricity is a major input to primary aluminium production. Nickel products can follow different ore and processing routes. Neither cost relationship is a fixed formula for the market price.
Refined nickel, ferronickel and battery intermediates have different compositions. This page uses the stated refined reference and does not silently substitute another nickel product.
The common tonne unit supports an indexed chart. Actual aluminium and nickel purchases can add alloy, regional premium, fabrication and delivery terms.
From 2021-08 to 2026-08, the shared monthly window changed +24.89% for Aluminium and -12.49% for Nickel. The endpoint difference was 37.38 index points. This describes the selected historical window, not a forecast. Change the chart range to test another starting point; the labelled monthly snapshot keeps its own initial window.
The overlapping selectable frequencies are monthly and yearly. Daily comparison is offered only when both stored series have daily coverage; otherwise monthly observations provide the common basis.
Both source series use USD per tonne. Matching units make the nominal figures easier to read together, but Aluminium and Nickel still have separate specifications and markets. The indexed view answers how each stored reference moved from a shared starting date; it does not calculate a transaction return.
Both sit in industrial metals, yet their stated uses differ: Aluminium — Transport · Packaging · Construction; Nickel — Stainless steel · Batteries · Alloys. A shared category does not make the products substitutes. Also confirm the observation date, grade or purity, delivery terms and costs that apply to the actual product.
Change one side of the chart with Copper versus Aluminium, Copper versus Nickel.
