Indonesia’s Jan-Oct nickel ore imports surge by 50 times from year ago
The world's biggest nickel producer has bought record volumes of the ore from the Philippines since April.
The global nickel market had a surplus of 23,900 metric tons in September, up from a surplus of 14,200 tons in the same month of last year, data from the International Nickel Study Group (INSG) showed on Wednesday.
That compares with a surplus of 15,300 metric tons in August 2023.
During the first nine months of 2023, there was a surplus of 155,000 tons versus a surplus of 60,500 tons in the same period of last year, the data showed.
(By Deep Vakil)
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