Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
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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