London Metal Exchange cash settlement price in US$ per tonne, with the ₹ per kg equivalent and trend. Shown with a 2-day delay; today’s live LME price is free for registered Recyclaro members.
| Date | US$/tonne | ₹/kg | Change |
|---|---|---|---|
| $15,645 | ₹1,513.34 | ▲ +0.74% | |
| $15,530 | ₹1,502.22 | ▲ +0.39% | |
| $15,470 | ₹1,496.41 | ▲ +0.23% | |
| $15,435 | ₹1,493.03 | ▼ -0.87% | |
| $15,570 | ₹1,506.09 | ▼ -1.83% | |
| $15,860 | ₹1,534.14 | 0.00% | |
| $15,860 | ₹1,534.14 | ▼ -1.18% | |
| $16,050 | ₹1,552.52 | 0.00% | |
| $16,050 | ₹1,552.52 | ▼ -1.65% | |
| $16,320 | ₹1,578.63 | – |
The LME nickel price is the global benchmark for nickel. It is the main driver of stainless steel scrap prices, especially SS 304 and SS 316, and of battery-grade nickel.
| Grade | Live rate (₹/kg) | Change |
|---|---|---|
| Stainless Steel 304 | Sign up to view | ▲ +0.62% |
| Stainless Steel 202 | Sign up to view | ▲ +0.30% |
Tin fell about 5% and lead, zinc, nickel and aluminium each lost at least 1% on Thursday as oil jumped and equities fell. Prices steadied on Friday. Aluminium is trading below its levels earlier in the year.
For your business: Aluminium and zinc scrap rates have softened slightly. Short-term swings are large, so lock prices on the day of the deal rather than relying on last week’s quote.
The rupee ended the week near ₹96.8 per dollar, close to its all-time low of ₹96.96, despite the RBI stepping in and raising interest rates for the first time in nearly four years. A strong dollar, high oil prices and foreign outflows are weighing on the currency.
For your business: A weaker rupee makes imported metal and scrap dearer in rupee terms, which supports domestic scrap prices even when LME prices are flat.
Recyclaro shows the LME nickel price with a 2-day delay: on 7 October 2026 the cash price was $15,645 per tonne (+0.74% on the day), about ₹1,513.34 per kg. Today’s live LME price is free for registered members: sign up or log in.
Indian nickel scrap is priced off the LME, converted to rupees at the day’s exchange rate. A move on the LME usually reaches Indian scrap yards within one to three trading days.
Indonesian supply growth; Stainless steel production; EV battery demand; The US dollar.
Several times a day. The date next to the price shows the latest market day it reflects.
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