For the latest shared monthly observation, 2026-08, Copper was 14,326.00 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 | Copper index | Nickel index |
|---|---|---|
| 2026-08-01 | 152.89 | 87.51 |
| 2026-07-01 | 144.54 | 86.99 |
| 2026-06-01 | 144.63 | 91.89 |
| 2026-05-01 | 144.54 | 98.25 |
| 2026-04-01 | 138.22 | 93.84 |
| 2026-03-01 | 133.71 | 89.21 |
| 2026-02-01 | 138.22 | 89.72 |
| 2026-01-01 | 138.87 | 92.83 |
| 2025-12-01 | 125.77 | 77.76 |
| 2025-11-01 | 115.39 | 76.65 |
| 2025-10-01 | 114.62 | 78.85 |
| 2025-09-01 | 106.55 | 78.92 |
| 2025-08-01 | 103.20 | 78.10 |
| 2025-07-01 | 104.28 | 78.54 |
| 2025-06-01 | 104.96 | 78.38 |
| 2025-05-01 | 101.74 | 80.17 |
| 2025-04-01 | 97.94 | 78.96 |
| 2025-03-01 | 103.95 | 83.94 |
| 2025-02-01 | 99.58 | 79.87 |
| 2025-01-01 | 95.96 | 80.42 |
| 2024-12-01 | 95.15 | 80.69 |
| 2024-11-01 | 96.86 | 82.14 |
| 2024-10-01 | 101.75 | 87.59 |
| 2024-09-01 | 98.58 | 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 +52.89% for Copper and -12.49% for Nickel. The endpoint difference was 65.38 index points. This describes the selected historical window, not a forecast.
+52.89% from 2021-08 to 2026-08.
-12.49% over the same observation dates.
Copper is an industrial benchmark normally quoted per metric tonne. Prices depend on grade, location and delivery; refined copper prices are not scrap-yard offers.
Nickel specifications matter: exchange-grade refined nickel, ferronickel and battery intermediates are not interchangeable products.
Use the standalone copper 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 Copper and Nickel still have separate specifications and markets.
Both sit in industrial metals, yet their stated uses differ: Copper — Power cables · Construction · Electric motors; 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 |
|---|---|---|---|
| Copper | is published in | USD per tonne | Read copper 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. |
| Copper | is used in | Power cables · Construction · Electric motors | These uses provide context for copper 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. |
| Copper 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. |
The copper reference is a refined-metal benchmark, normally published per metric tonne. It is a starting point for understanding broad movements rather than a quote for a cable reel, a fabricated component or a mixed scrap load. Converting the price to kilograms changes the mass basis but does not change the material specification.
Electrical and construction demand: Copper is used in power cables, motors and construction. Activity in these applications provides context for demand, though no single application explains every movement.
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.
Battery materials: Some battery chemistries use nickel-containing materials. Refined-metal prices and intermediate-product prices should be labelled separately.
Copper and nickel are industrial-metal references with different primary uses. Copper is closely associated with electrical applications; nickel spans stainless steel, alloys and some battery materials.
The nickel reference does not price ferronickel or every battery intermediate. The copper reference does not price local scrap or a finished conductor.
Copper and nickel can appear in alloys, but the composition and product specification determine value. One tonne of either refined metal is not a quote for an alloyed product.
Both source series use tonnes, yet their nominal levels have no “cheaper investment” meaning. Indexing shows percentage movement over matching dates.
From 2021-08 to 2026-08, the shared monthly window changed +52.89% for Copper and -12.49% for Nickel. The endpoint difference was 65.38 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 Copper 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: Copper — Power cables · Construction · Electric motors; 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 Zinc, Aluminium versus Nickel.
