Scrap Nickel Prices UK
Today's UK scrap nickel prices per kg, updated daily. Covers pure nickel solids, Monel (Ni-Cu alloy), and Inconel superalloys. All prices track LME Nickel.
LME nickel Spot
£13.90/kg
London Metal Exchange price as of 2026-05-16.
Nickel Scrap Prices Per Kg
| Grade | Low | Avg | High | Sources |
|---|---|---|---|---|
| Pure Nickel Solids | — | — | — | Awaiting data |
| Monel (Ni-Cu Alloy) | — | — | — | Awaiting data |
| Inconel (Ni-Cr Superalloy) | — | — | — | Awaiting data |
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Prices are indicative estimates. Actual prices vary by yard, region, and metal condition. Always confirm with your local scrap yard.
Nickel Scrap Price Per Kg
Nickel scrap is a high-value, technical sector of the UK metal trade. The price tracks the LME Nickel Cash benchmark, with each grade trading at a percentage of spot depending on purity and alloy content. Pure nickel commands 85–92% of LME spot, while complex superalloys like Inconel fetch 60–70%.
Nickel is distinct from stainless steel scrap. Although stainless contains 8–14% nickel, the “Pure Nickel” and “Nickel Alloy” trades are separate categories with their own grading and pricing.
Understanding Nickel Scrap Grades
Pure Nickel Solids (Nickel 200/201) are commercially pure wrought nickel, 99%+ purity, found in plating anodes, chemical processing vessels, and heating elements. Monel is a copper-nickel alloy (around 65% Ni, 30% Cu) prized for seawater resistance, found in marine fittings, propeller shafts, and valve parts. Inconel is a family of nickel-chromium superalloys (600, 625, 718) used in jet engines, gas turbines, and exhaust systems.
Scrap yards use X-Ray Fluorescence (XRF) testing to identify nickel alloys precisely. Misidentifying a Monel piece as stainless steel can cost you 60% of its actual value. If you suspect you have nickel alloy, ask the yard to XRF-test it before they weigh it in.
Where to Find Nickel Scrap
Pure nickel sources include old plating tanks, electronics manufacturing waste, and chemical industry equipment. Monel turns up in marine and offshore work — old boat fittings, desalination kit, brewery valves. Inconel is most common in the aerospace corridor (Midlands and North West) and shows up as scrap turbine blades, exhaust components, and high-temperature industrial parts. Nimonic, a related aerospace superalloy used in turbine blades, also falls in this category.
Frequently Asked Questions
How much is nickel scrap worth per kg in the UK?
Nickel is one of the highest-value common metals in the UK scrap trade. Pure nickel solids (Nickel 200/201) trade at 85–92% of LME nickel cash — currently around £15–£18 per kg. Monel (nickel-copper alloy) sits at 65–75% of a nickel/copper blend. Inconel superalloys are at 60–70%. All require XRF testing for accurate grading.
What is Monel scrap?
Monel is a family of nickel-copper alloys (about 65% Ni, 30% Cu) prized for seawater and acid resistance. It’s commonly found in marine fittings, propeller shafts, desalination equipment, and chemical industry valves. Monel scrap is priced as a blend of nickel and copper content and tested with XRF at the yard.
Is stainless steel the same as nickel scrap?
No. Stainless steel contains 8–14% nickel but is graded and priced separately from pure nickel or nickel alloys. Pure nickel (99%+ purity) is worth 5–10x more per kg than stainless. If you suspect you have a nickel alloy rather than stainless, ask the yard to XRF-test before they weigh it in.
Where does nickel scrap come from?
Pure nickel sources include plating anodes, chemical processing vessels, and electronics manufacturing waste. Monel turns up in marine work (boat fittings, valves) and brewing/food equipment. Inconel is most common in the UK aerospace corridor (Midlands and North West) — turbine blades, jet engine components, exhaust systems.