Global nickel market in 27,400t surplus in June – INSG

Nickel briquettes. Image: Sherritt

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 2023June 2022May 20232022
Mine production312.1271.0296.73,203.5
Refined production285.4260.3269.73,058.9
Refined Usage258.1244.1252.72,956.4
Balance*27.416.217.1102.5
* Balance between refined production and usage

(By Rahul Paswan)

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