Nickel mining stocks

Discover how to invest in the nickel mining industry, plus some popular stock considerations with their latest share price.

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With stock markets in turmoil, many investors are turning to investing in commodities. Some of these investors are looking to invest in nickel mining stocks for the first time.

At the time of writing, on 8 March 2022 nickel trading has been suspended in London as trading nickel prices have surged 110% in one day. Nickel prices have risen to $100,000 per tonne, due to expected supply problems following the conflict between Russia and Ukraine. Prices have soared 320% since the beginning of Russia’s war in Ukraine.

Investing in nickel mining stocks from the UK

Some of the most recognisable nickel mining stocks are listed on global stock exchanges, so if you invest in some global stocks, you can get exposure to them. Remember to account for foreign exchange fees when comparing trading platforms.

How to invest in nickel mining stocks

  1. Choose a platform. If you’re a beginner, our share-dealing table below can help you choose.
  2. Open your account. You’ll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You’ll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code. You can search its name or ticker.
  5. Research nickel mining shares. The platform should provide the latest information available.
  6. Buy your nickel mining shares. It’s that simple.

Here are some of the pros and cons of investing in nickel mining stocks:

Pros

  • Low costs as you own the stocks directly.
  • You’ll have control over your investment and the timing of buying and selling stocks.
  • You can choose stocks that fit with your investing goals or ethics eg. avoiding Russian-mining companies.
Cons

  • Less diversified than investing through an ETF as you’ll own fewer companies.
  • Stock prices are vulnerable to big market fluctuations.

How to invest in nickel ETFs

ETFs or exchange traded funds can be a good way to diversify your investment by spreading it between several assets. They work a bit like an index fund, investing in stocks on an exchange. Here are some of the main pros and cons of investing in nickel through an ETF:

Pros

  • They have low fund fees so are a cheap way to get exposure to commodity investment.
  • You can diversify your investment by investing in a range of precious metals.
Cons

  • ETFs are made up of a collection of assets so you can’t pick and choose between stocks.
  • Limited range of ETFs are focused just on nickel.

Invest in nickel futures

Investing in nickel futures isn’t suitable for nervous investors as it’s extremely risky. You’re agreeing to buy stocks in the future at a set price that you agree now. You might win big if you’re right in predicting stock market movements, but you could lose money if the price moves in the opposite direction to your predictions.

If you want to do futures trading, you’ll need a strong constitution and a good understanding of stock trading.

Pros

  • If your predictions are right, you can make big returns.
  • Futures give you direct control over your stocks.
Cons

  • Futures are risky and if you could potentially lose money.
  • They only last for a set time period and will expire if you don’t use them.

Why is nickel suddenly so valuable?

The amazing rise of nickel prices is largely due to the conflict between Russia and Ukraine. The conflict has prompted fears of long term supply problems.

However, the nickel prices have been extremely volatile in the past. Prices rocketed in 2019 after an Indonesian imports ban but collapsed in early 2020 before rising again.

Most nickel is currently used for the manufacture of stainless steel, but it is also an essential part of making car batteries for electric vehicles so it’s likely that demand will increase in the future.

What is nickel used for?

Nickel is an amazing metal and is valued for its anti-corrosion properties as well as being strong and high and low temperatures and special magnetic and electronic properties. It’s mainly used to make stainless steel but it also has other uses. Here are some of the most common uses:

  • Stainless steel – this accounts for about 70% of nickel use.
  • Lithium batteries for electric vehicles.
  • Kitchen equipment
  • Medical equipment
  • Transport and buildings
  • Power generation
  • Jewellery

Pros and cons of investing in nickel

Pros

  • Potential to benefit from price increases if demand continues to outstrip supply.
  • Can be a good way to diversify your portfolio if you don’t currently invest in commodities.
Cons

  • Prices are extremely volatile and they may fall back in the future. The price depends to a large extent on the ongoing situation in Ukraine and the ongoing sanctions against Russia.
  • 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.

13 nickel mining stocks to watch

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

  1. Sibanye Stillwater (SBSW)
  2. Materion (MTRN)
  3. Nickel Mines (NIC)
  4. Norilsk Nickel (GMKN)
  5. Canada Nickel Company (CNC)
  6. Poseidon Nickel (POS)
  7. WisdomTree Nickel (NICK)
  8. Vale (VALE)
  9. Jinchuan Group International Resources (2362)
  10. Glencore (GLEN)
  11. BHP Group (BHP)
  12. Red Rock Resources (RRR)
  13. Tesla (TSLA)

Take a deeper dive into nickel mining stocks

If you're interested in investing in the nickel mining industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. 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, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities.

Sibanye Gold Ltd ADR stock opened the day at $9.90 after a previous close of $10.14. The latest price was $9.70 (25-minute delay). Sibanye Gold Ltd ADR is listed on the NYSE, has a trailing 12-month revenue of around USD152.6 billion and employs 80,000 staff.

  • Market capitalization: $6,438,693,376
  • P/E ratio: 5.7888

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2. Materion Corporation (MTRN)

Materion Corporation, through 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. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments. The Performance Alloys and Composites segment offers 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.

Materion Corporation stock opened the day at $83.27 after a previous close of $84.33. The latest price was $82.12 (25-minute delay). Materion Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$1.7 billion and employs 3,443 staff.

  • Market capitalization: $1,641,895,936
  • P/E ratio: 22.0995
  • PEG ratio: 2.35

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3. Nickel Industries (NIC)

Nickel Industries Limited engages in nickel ore mining and nickel pig iron production operations in Singapore and Indonesia. The company holds an 80% interest in the Hengjaya Mine that covers an area of 5,983 hectares located in the Morowali Regency of Central Sulawesi; 80% interest in the Ranger Nickel project; and 70% interest in the Angel Nickel project. It also has an option to acquire a 70% interest in the Oracle Nickel project.

Nickel Industries stock opened the day at A$0.82 after a previous close of A$0.82. The latest price was A$0.79 (25-minute delay). Nickel Industries is listed on the Australian Securities Exchange (ASX) and has a trailing 12-month revenue of around AUD$872.3 million. All prices are listed in Australian Dollars.

  • Market capitalization: $2,048,455,123
  • P/E ratio: 8.16

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4. 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 Europe, Asia, North and South America, Russia, and the CIS countries. The company operates through GMK Group, South Cluster, KGMK Group, NN Harjavalta, 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.

GMK Norilskiy Nikel PAO stock opened the day at ₽12,400.00 after a previous close of ₽12,414.00. The latest price was ₽11,932.00 (25-minute delay). GMK Norilskiy Nikel PAO is listed on the MCX and has a trailing 12-month revenue of around RUBA$17.9 billion. All prices are listed in Russian Rouble.

  • Market capitalization: $2,569,111,863,296
  • P/E ratio: 6.3811
  • PEG ratio: 0

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5. Canada Nickel Company (CNC)

Canada Nickel Company Inc. , together with its subsidiary, engages in the exploration, discovery, and development of nickel sulphide assets. It owns a 100% interest in the Crawford Nickel-Cobalt Sulphide project located in northern Ontario, Canada.

Canada Nickel Company stock opened the day at C$1.70 after a previous close of C$1.66. The latest price was C$1.68 (25-minute delay). Canada Nickel Company is listed on the V. All prices are listed in Canadian Dollars.

  • Market capitalization: $164,663,184

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6. Poseidon Nickel (POS)

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

Poseidon Nickel stock opened the day at A$0.05 after a previous close of A$0.05. The latest price was A$0.05 (25-minute delay). Poseidon Nickel is listed on the Australian Securities Exchange (ASX) and has a trailing 12-month revenue of around AUDC$256,000. All prices are listed in Australian Dollars.

  • Market capitalization: $131,750,260
  • P/E ratio: 0
  • PEG ratio: 0

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7. WisdomTree Nickel (NICK)

N/A. . . . . . .

WisdomTree Nickel stock opened the day at $21.07 after a previous close of $21.06. The latest price was $21.21 (25-minute delay). WisdomTree Nickel is listed on the London Stock Exchange (LSE).

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8. Vale SA ADR (VALE)

Vale S. A. , together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals and Base Metals segments.

Vale SA ADR stock opened the day at $14.64 after a previous close of $14.51. The latest price was $14.42 (25-minute delay). Vale SA ADR is listed on the NYSE and has a trailing 12-month revenue of around USD$249.4 billion.

  • Market capitalization: $64,452,919,296
  • P/E ratio: 3.536
  • PEG ratio: 2.3958

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9. Jinchuan Group International Resources Co (2362)

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

Jinchuan Group International Resources Co stock opened the day at HK$0.76 after a previous close of HK$0.77. The latest price was HK$0.75 (25-minute delay). Jinchuan Group International Resources Co is listed on the HK, has a trailing 12-month revenue of around HKD$1 billion and employs 1,565 staff. All prices are listed in Hong Kong Dollar.

  • Market capitalization: $9,146,973,184
  • P/E ratio: 12.1667
  • PEG ratio: 0.1006

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10. Glencore (GLEN)

Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.

Glencore stock opened the day at 490.05p after a previous close of 494.10p. The latest price was 493.85p (25-minute delay). Glencore is listed on the London Stock Exchange (LSE), has a trailing 12-month revenue of around HK$244.4 billion and employs 135,000 staff. All prices are listed in pence sterling.

  • Market capitalization: $62,037,569,536
  • P/E ratio: 4.4273
  • PEG ratio: 0.4092

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11. 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.

BHP Group stock opened the day at 2,282.50p after a previous close of 2,313.00p. The latest price was 2,322.50p (25-minute delay). BHP Group is listed on the London Stock Exchange (LSE), has a trailing 12-month revenue of around £65.4 billion and employs 45,295 staff. All prices are listed in pence sterling.

  • Market capitalization: $159,325,159,424
  • P/E ratio: 6.3081

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12. Red Rock Resources (RRR)

Red Rock Resources Plc engages in the production and exploration of natural resources assets in the United Kingdom, South Africa, Kenya, Democratic Republic of Congo, and Australia. The company explores for manganese, iron ore, uranium, gold, copper, cobalt, lithium, and nickel, as well as oil and gas properties. It holds a 100% economic interest in the Migori Gold project located in Kenya.

Red Rock Resources stock opened the day at 0.37p after a previous close of 0.35p. The latest price was 0.35p (25-minute delay). Red Rock Resources is listed on the London Stock Exchange (LSE) and employs 6 staff. All prices are listed in pence sterling.

  • Market capitalization: $4,860,562
  • PEG ratio: 0

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13. Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.

Tesla stock opened the day at $234.00 after a previous close of $238.13. The latest price was $223.07 (25-minute delay). Tesla is listed on the NASDAQ, has a trailing 12-month revenue of around USD£67.2 billion and employs 99,290 staff.

  • Market capitalization: $831,152,914,432
  • P/E ratio: 96.8066
  • PEG ratio: 1.27

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Bottom line

In times of stock market volatility, investors tend to see commodities, including nickel, as a safe investment. However the commodities market is currently subject to extremely unpredictable forces. Metal and commodity prices are likely to continue fluctuating significantly in the near future.

If you do decide to invest in nickel, then hold onto your hat. You could be in for a bumpy ride.

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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