Sweet Nickel Prices Jump To Seven-Year High As Supply Woes Mount Tyler Durden's Photo BY TYLER DURDEN THURSDAY, OCT 21, 2021 - 03:21 PM Nickel is the latest industrial metal to ramp vertically on dwindling supply concerns sending prices in London to seven-year highs. Contracts for the industrial metal on the London Metal Exchange jumped 4.6% to $20,963 per metric ton on Wednesday, the highest since May 2014.