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)

Compare providers for access to nickel mining stocks, ETFs and more

Table: sorted by promoted deals first
Product UKFST Finder Score Min. initial deposit Price per trade Frequent trader rate Platform fees Offer Link
FREE TRADES
eToro Free Stocks
4.3
★★★★★
$100
£0 on stocks
N/A
£0
XTB
4.4
★★★★★
£0
£0
£0
£0
Earn up to 4.75% interest on uninvested cash.
InvestEngine
4.4
★★★★★
£100
£0
N/A
0% - 0.25%
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine. T&Cs apply.
Hargreaves Lansdown Fund and Share Account
4.2
★★★★★
£1
£11.95
£5.95
£0 (0.45% for funds)
OFFER
Freetrade
4.4
★★★★★
£1
£0
N/A
£0
Get a free share worth up to £100 when you sign up and deposit at least £50. T&Cs apply. Capital at risk.
IG Share Dealing
4.1
★★★★★
£0
From £8
From £0
£8 per month
Get 0% commission on US shares. T&Cs apply. Capital at risk.
Wealthify
4.2
★★★★★
£1
£0
N/A
0.6%
interactive investor Trading Account
4.2
★★★★★
£0
£3.99 (free regular investing)
£0
From £4.99 a month
Pay no account fee for 6 months when you open an ii Trading Account. Offer ends 31 December. Capital at risk. Terms & trading fees apply. New customers only.
SaxoInvestor Share Dealing Account
4.3
★★★★★
£0
£3
N/A
0.12% per year
Limited time offer: Zero commission on 100 US stocks for new customers. T&Cs apply.
Moneyfarm
3.9
★★★★★
£1
£3.95
N/A
£0
Charles Stanley share dealing account
3.6
★★★★★
£0
£11.50
N/A
0.35%
Get up to £1,500 cashback when you transfer your cash and/or investments to Charles Stanley Direct. T&Cs apply. Capital at risk.
CMC Invest share dealing account
4.4
★★★★★
£0
£0
N/A
£0
Get your first 3 months free when you upgrade to Plus plan. T&Cs apply. Capital at risk.
Trading212
4.7
★★★★★
£1
£0
£0
£0
Get free fractional shares worth up to £100 when you sign up with Finder’s link and use the code “FINDER”. T&Cs apply. Capital at risk.
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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.

Finder survey: Would Brits consider investing in nickel stocks?

42% of people we surveyed said they already invest in nickel stocks or would consider investing in nickel stocks.

Response
I would consider it37.82%
Not sure34.32%
I wouldn't consider it23.25%
I already invest in this4.61%
Source: Finder survey by Censuswide of Brits, December 2023

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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