Nickel silver 64 Milan: today’s quotation

Today’s value

In the session of September 7, 2026 the Nickel silver 64 Milan index stands at 14,078 EUR/t, a change of +0.7% on the previous session. The chart covers the last 64 sessions; the full multi-year history is available to FT Mercati subscribers.

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What it is

Nickel silver 64 Milan is the reference quotation of nickel silver on the Milan market, in euro per tonne. Nickel silver, also called alpacca or German silver, is the silvery-coloured copper-nickel-zinc alloy used in cutlery, eyewear, small metal parts, musical instruments and electromechanical components; the 64 base indicates an alloy with about 64% copper and nickel and zinc in equal parts.

How it is calculated

The value follows the LME quotations of the three metals contained — copper, nickel and zinc — expressed in euro and integrated with the Italian market premiums, in proportion to the composition, plus processing. Daily publication on trading days, with a continuous history.

From ASSOMET to FT Mercati: continuity of the series

Until 31 July 2026 this quotation was part of the "Milan prices" calculated and published by ASSOMET, the Italian national association of non-ferrous metal industries. Since 1 August 2026 FT Mercati has continued its calculation independently with the same criteria: the Nickel silver 64 Milan index is the continuation of the same series, with the full history preserved.

For those who use it in contracts nothing changes: monthly averages, year-on-year comparisons and price-revision clauses cross 1 August 2026 without a break. It is advisable to update the contractual reference to "FT Mercati Nickel silver 64 Milan index" and, for existing contracts, to share the transition with the counterparty.

What it is used for

Rolling mills and wire drawers producing nickel silver strips, wire and bars use it as the basis for price lists; cutlery, eyewear and small-parts manufacturers to check price adjustments and for contractual revision clauses.

Frequently asked questions

What is the Nickel silver 64 Milan index?

It is the reference quotation of nickel silver 64 on the Milan market, calculated and published on every trading day by FT Mercati in EUR/t. It continues the historical series published by ASSOMET until 31 July 2026, with the same criteria and the history preserved.

How is it calculated?

The value follows the LME quotations of the three metals contained — copper, nickel and zinc — expressed in euro and integrated with the Italian market premiums, in proportion to the composition, plus processing. Daily publication on trading days, with a continuous history.

Can I use it in contracts that referred to the ASSOMET prices?

Yes: it is the continuation of the same series, so averages and price-revision clauses keep working. It is advisable to update the reference to "FT Mercati Nickel silver 64 Milan index" and, for existing contracts, to share the transition with the counterparty.

Where can I find the full history?

The website shows the latest published value and the trend of the most recent sessions. FT Mercati subscribers have the daily values, the multi-year history and the tools for contractual use on the platform; you can start with a free trial.

What does the value of the alloy depend on?

On the metals it contains, in proportion to the composition, and on processing: when the quotations of the components rise, the base of the alloy rises too, to the extent of their weight in the recipe.

The Milan Indexes are calculated and published by FT Mercati and are reference values of the Italian market, not exchange prices. The value shown is that of the latest published session.