Nickel mining stocks

The best nickel mining stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

10 popular nickel mining stocks to watch

We round up a selection of stocks in or related to the nickel industry, weighting the list more heavily towards popular mid- and large-cap stocks.

1. Canada Nickel Company (CNC)
2. Sibanye Gold Ltd ADR (SBSW)
3. Materion Corporation (MTRN)
4. Nickel Industries (NIC)
5. GMK Norilskiy Nikel PAO (GMKN)
6. Poseidon Nickel (POS)
7. WisdomTree Nickel (NICK)
8. Jinchuan Group International Resources Co (2362)
9. Glencore (GLEN)
10. BHP Group (BHP)

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The nickel mining stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering nickel mining stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in nickel mining stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like SBSW or MTRN.
5. Place your order. Buy the stock. It's that simple.

Learn more about popular nickel mining stocks

We round up a selection of stocks in or related to the nickel industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. Canada Nickel Company (CNC)

Canada Nickel Company Inc. , together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets. It also develops zero-carbon production of nickel, cobalt, and iron.

• Previous close price: C$1.27
• Market capitalization: $228,291,840
• 1 year performance: -2.33%

Buy CNC stock on Interactive Brokers

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2. Sibanye Gold Ltd ADR (SBSW)

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.

• Previous close price: $4.37
• Market capitalization: $3,226,847,488
• 1 year performance: -37.19%

Buy SBSW stock on Interactive Brokers

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3. Materion Corporation (MTRN)

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The company provides advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, and wire products, as well as engineered strip metal products; and ToughMet alloys and SupremEX aluminum silicon carbide metal matrix composite formulation products.

• Previous close price: $109.11
• Market capitalization: $2,244,949,248
• 1 year performance: -0.32%
• P/E ratio: 27.1404

Buy MTRN stock on Interactive Brokers

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4. Nickel Industries (NIC)

Nickel Industries Limited engages in nickel ore mining, nickel pig iron, and nickel matte production activities. It is also involved in the production of mixed hydroxide precipitate for use in the electric vehicle supply chain. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022.

• Previous close price: A$0.85
• Market capitalization: $3,621,509,632
• 1 year performance: -13.78%
• P/E ratio: 16.9

Buy NIC stock on Interactive Brokers

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5. GMK Norilskiy Nikel PAO (GMKN)

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Russia, Europe, Asia, North and South America, and CIS countries. The company operates through GMK Group, South Cluster, Kola Division, GRK Bystrinskoye, Other Mining, and Other Non-Metallurgical segments. It explores for, extracts, and refines ore and nonmetallic minerals; and sale of base and precious metals produced from ore.

• Previous close price: ₽15,600.00
• Market capitalization: $2,613,658,000,000
• 1 year performance: -99.05%
• P/E ratio: 6.3649

Buy GMKN stock on Interactive Brokers

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6. Poseidon Nickel (POS)

Poseidon Nickel Limited engages in the exploration, mining, and production of mineral properties in Australia. The company primarily explores for nickel and gold deposits, as well as other minerals. It holds interests in the Windarra, Black Swan, and Lake Johnston nickel projects located in Western Australia.

• Previous close price: A$0.01
• Market capitalization: $18,567,650
• 1 year performance: -87.50%

Buy POS stock on Interactive Brokers

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7. WisdomTree Nickel (NICK)

N/A. . .

• Previous close price: $16.18
• 1 year performance: -18.96%

Buy NICK stock on Interactive Brokers

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8. Jinchuan Group International Resources Co (2362)

Jinchuan Group International Resources Co. Ltd, an investment holding company, engages in mining operations. The company explores for copper, cobalt, and copper concentrates.

• Previous close price: HK$0.83
• Market capitalization: $10,251,721,728
• 1 year performance: 86.36%

Buy 2362 stock on Interactive Brokers

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9. Glencore (GLEN)

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.

• Previous close price: 460.15p
• Market capitalization: $55,929,393,152
• 1 year performance: 4.49%
• P/E ratio: 17.0426

Buy GLEN stock on Interactive Brokers

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10. BHP Group (BHP)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

• Previous close price: 2,234.00p
• Market capitalization: $118,044,450,816
• 1 year performance: -6.09%
• P/E ratio: 19.7368

Buy BHP stock on Interactive Brokers

Buy nickel mining stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

Bottom line

While it's possible to turn a profit investing in nickel mining stocks, keep in mind that—like any investment—nickel mining stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the nickel industry, so carefully vet your picks before you invest. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.