Best Nickel Stocks: Which are the Best Nickel Stocks for 2022?

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Last Updated on: 29th August 2022, 01:24 pm

Human beings have been utilizing nickel in its various forms for thousands of years. As a commodity, nickel has increased in popularity because of its application and importance to industrial and consumer applications such as the electric car industry and in the manufacturing of electronic devices. Here are some of our top-rated nickel stocks for 2022.

Best Nickel Stocks to Buy

Here are the best nickel stocks to buy based on growth and performance.

Materion Corporation (NYSE: MTRN)

• Market Cap: $1.981 billion
• Forward Annual Dividend Yield: 0.52%
• Average Volume: 120.54K shares

Founded in 1931, Materion Corporation manufactures and sells advanced specialty engineering materials. These materials are utilized in a myriad of industries including automotive, telecommunications, medical, industrial applications, and even aerospace, with Materion materials featured in NASA’s James Webb Space Telescope.

Allegheny Technologies Incorporated (NYSE: ATI)

• Market Cap: $4.172 billion
• Forward Annual Dividend Yield: N/A
• Average Volume: 1.55 million shares

Allegheny Technologies Incorporated (ATI) produces several types of specialty materials and produces, in addition to advanced alloys like nickel-based alloys. The company supplies numerous markets including aerospace, medical, electronics, defense, and energy.

Mechel PAO (NYSE: MTL)

• Market Cap: $1.206 billion
• Forward Annual Dividend Yield: N/A
• Average Volume: N/A

Headquartered in Russia, Mechel PAO operates as an international mining and steel company. In addition, the firm also has power assets including power generation facilities. Furthermore, it operates freight seaports located in the Sea of Japan, The Sea of Azov, and in Russia, respectively.

PolyMet Mining Corp. (NYSE: PLM)

• Market Cap: $295.379
• Forward Annual Dividend Yield: N/A
• Average Volume: 67.78K shares

PolyMet Mining Corp. is a US-based precious metals mining company. In addition to its nickel production, the company also mines copper, cobalt, gold, platinum, and palladium. One of its major projects is the NorthMet project, located in the Mesabi Iron Range in northeastern Minnesota. 

Sibanye-Stillwater (NYSE: SBSW)

• Market Cap: $6.904 billion
• Forward Annual Dividend Yield: 13.72%
• Average Volume: 3.14 million shares

Founded in 2012, Sibanye-Stillwater is a South African precious metals mining company. The firm has mining operations located in the United States and exploration projects throughout the Americas. Moreover, Sibanye-Stillwater has several mining operations located in South Africa and Zimbabwe.

Haynes International, Inc. (NASDAQ: HAYN)

• Market Cap: $549.16
• Forward Annual Dividend Yield: 2.02%
• Average Volume: 52.83K shares

Founded in 1912, Haynes International, Inc. is one of the largest producers of nickel-based alloys in the United States. Moreover, the company also produces cobalt-based alloys. Haynes International products are used principally in industrial applications, chemical processing, and aerospace.

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN)

• Market Cap: $965.311 million
• Forward Annual Dividend Yield: 2.09%
• Average Volume: 246.07K shares

Founded in 1906 and headquartered in Portland, Oregon, Schnitzer Steel Industries, Inc. operates as a steel manufacturing, auto recycling, and metals recycling firm. It processes scrap metal and then resells it as steel products used for a variety of applications in the construction industry.

Best Nickel Stocks With Dividends

Here are some of the best nickel stocks with dividends to consider adding to your portfolio.

Rio Tinto Group (NYSE: RIO) 

• Market Cap: $98.029 billion
• Forward Annual Dividend Yield: 11.46%
• Average Volume: 3.49 million shares

Founded in 1873, Rio Tinto Group is one of the largest precious metals mining companies in the world. The London-based firm has operations in Australia, Canada, the US, Madagascar, Iceland, New Zealand, South Africa, and Mongolia.

Vale S.A. (NYSE: VALE)

• Market Cap: $64.631 billion
• Forward Annual Dividend Yield: 10.69%
• Average Volume: 32.56 million shares

Vale S.A. is a Brazilian precious metals mining company and is considered the largest producer of nickel on Earth. Founded in 1942, the company has nickel mining operations located in Indonesia, Brazil, and Canada. The Canadian operation alone produces over 65,000 metric tons annually.

BHP Group Limited (NYSE: BHP)

• Market Cap: $207.762 billion
• Forward Annual Dividend Yield: 12.38%
• Average Volume: 3.3 million shares

Headquartered in Australia, BHP Group is a mining and exploration company. The firm is one of the largest nickel producers in the world. It mines nickel sulphide ore at its Northern Goldfields mine in Western Australia, then sent to its smelter and refinery facilities.

Key Takeaway

For thousands of years, humankind has been putting nickel to use for a myriad of reasons. Increasingly in the 21st century, nickel has gained in popularity as a commodity because of its varied industrial applications, especially in the electric car industry.

The best way to gain exposure to nickel and precious metals like gold is via a self-directed IRA, which appreciates in value on a tax-deferred or tax-free basis. As with any investment vehicle, always do your due diligence.

To learn more about including nickel and other precious metals in these types of retirement plans which are commonly called “gold IRAs”, have a look at our top gold IRA company reviews.