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 27,400 metric tons in June, compared with a surplus of 16,200 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Monday.
That compares with a surplus of 17,100 metric tons in May 2023, Lisbon-based INSG added.
Data below in thousands of tons:
| June 2023 | June 2022 | May 2023 | 2022 | |
| Mine production | 312.1 | 271.0 | 296.7 | 3,203.5 |
| Refined production | 285.4 | 260.3 | 269.7 | 3,058.9 |
| Refined Usage | 258.1 | 244.1 | 252.7 | 2,956.4 |
| Balance* | 27.4 | 16.2 | 17.1 | 102.5 |
(By Rahul Paswan)
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