The Class 1 Nickel indices

GCHL's Nickel indices bring reliable and transparent pricing to the physical nickel market

Transparent, objective pricing

Incorporated into each index calculation will be qualifying orders and trades for Class 1 Nickel:

  • Full Plate Cathodes Index
  • Briquettes Index
  • Pellets Index
  • Powder Index
  • Rounds Index

The strengths of the Class 1 Nickel indices

Reliable, comparable inputs

All inputs into the Class 1 Nickel indices are actual transactions and firm bids & offers from GCHL's online trading screen
No hearsay, no selective reporting, no normalisation

Objective and transparent

The methodology to calculate the Class 1 Nickel indices is a pure objective and transparent calculation, available in full and in realtime
No journalistic intervention, no black-box


By bidding, offering and trading on the platform, stakeholders participate directly in index formation
Market participants become price makers – not price takers

Resources: Class 1 Nickel Index methodology   |   Class 1 Nickel Index Publication Calendar

Who uses the Class 1 Nickel indices?

Any nickel producers, traders, stainless steel producers, producers of EV batteries, the plating industry, the building and construction industries, alloying processers all need access to reliable and robust market reference prices for nickel.

Market participants across the globe can use the Class 1 Nickel indices in pricing physical contracts, in pre-trade analytics, for mark-to-market, in risk analysis, in operational decision-making for management reporting, and much more, with the knowledge that it is a price created by actual physical transactions of a standard nickel specification or from tradeable orders visible and tradeable by the market, without subjective assessment of any kind.

Accessing the Class 1 Nickel indices

GCHL can provide access to the Class 1 Nickel indices in the way that suits you best – from daily email reports to full integration with your back-office systems.

Delivery methods include:

Daily Email

Channel Partners

SFTP Download

Website Access

Read more about our licensing model

Enquire now about globalNICKEL's price data

Data Licence Terms and Conditions

Additional Resources

Index Methodology

The Class 1 Nickel Index is calculated using actual transaction data and firm, tradeable bids and offers posted on the GCHL trading screen. View the methodology.

Index Publication Schedule

GCHL publishes daily index values at the end of the UK Business Day - except where publication coincides with a Listed Public Holiday. View the Index Publication Schedule & Holiday Calendar.

Index Governance

GCHL invest heavily in ensuring its indices comply with the industry's highest standards. Read more on Index Governance.