IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
The global nickel market had a surplus of 20,500 metric tons in April, compared with a deficit of 2,600 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Wednesday.
That compares with a surplus of 5,900 tons in March 2023, Lisbon-based INSG added.
Data below in thousands of tons:
| April 2023 | April 2022 | March 2023 | 2022 | |
| Mine production | 291.4 | 254.9 | 272.0 | 3,211.4 |
| Refined production | 264.1 | 242.7 | 254.6 | 3,059.4 |
| Refined Usage | 243.6 | 245.4 | 248.7 | 2,956.4 |
| Balance* | 20.5 | -2.6 | 5.9 | 103.0 |
(By Brijesh Patel; Editing by David Goodman)
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