The global nickel market deficit narrowed to 200 tonnes in April compared with a shortfall a month earlier of 8,900 tonnes, data from the International Nickel Study Group (INSG) showed on Wednesday.
During the first four months of the year, the global market was in a deficit of 8,100 tonnes compared with a deficit of 63,900 tonnes in the same period of 2021, Lisbon-based INSG added.
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Data below in thousands of tonnes.
| April | March | Jan-April 2022 | Jan-April 2021 | |
| Mine production | 260.0 | 235.1 | 941.3 | 802.3 |
| Refined production | 242.8 | 237.2 | 934.7 | 824.9 |
| Refined Usage | 243.0 | 246.0 | 942.8 | 888.8 |
| Balance | -0.2 | -8.9 | -8.1 | -63.9 |
(By Eric Onstad; Editing by Shinjini Ganguli)
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