USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
The global nickel market was oversupplied by 9,200 tonnes in November after a 15,000-tonne surplus in October, data from Lisbon-based International Nickel Study Group (INSG) showed on Thursday.
During the first 11 months of the year, the global market was oversupplied by 90,700 tonnes compared with a deficit of 168,400 tonnes in the same period of 2021, according to INSG data.
Data below in thousands of tonnes.
| Nov-22 | Oct-22 | Jan-Nov 2022 | Jan-Nov 2021 | |
| Mine production | 275.6 | 279.8 | 2896.4 | 2471.4 |
| Refined production | 270.8 | 279.6 | 2748.2 | 2369 |
| Refined usage | 261.6 | 264.6 | 2657.5 | 2537.4 |
| Balance | 9.2 | 15 | 90.7 | -168.4 |
(By Peter Hobson; Editing by Shounak Dasgupta)
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