How LME Nickel Prices Drive Inconel Scrap Values

If you sell Inconel scrap regularly, understanding the London Metal Exchange (LME) nickel price is essential. Here's the direct relationship and how to use it.

The Nickel-Inconel Price Formula

As a rough rule of thumb, Inconel scrap prices track LME nickel at approximately 60–80% of the contained nickel value, adjusted for grade and form. For example:

If LME nickel = $8.00/lb, and Inconel 625 contains ~62% nickel:

Theoretical nickel value = $8.00 × 0.62 = $4.96/lb. Actual scrap price = $4.96 × 1.5–2.0 (premium for alloy content) = $7.44–$9.92/lb.

Timing Your Sale

The best time to sell Inconel scrap is when LME nickel is above $7/lb and trending upward. Monitor the LME nickel cash price at lme.com or through financial data providers.

For large lots, consider calling us when nickel is strong — we can often hold a price for 24–48 hours while you arrange logistics. Call Sean at 954-488-0700.