Global nickel market surplus dips to 15,200 tonnes in Oct – INSG
The Murrin Murrin cobalt and nickel operation is located in the north-eastern Goldfields region of Western Australia. (Image courtesy of Minara Resources.)
The global nickel market surplus edged down to 15,200 tonnes in October from 15,500 tonnes in September, data from the Lisbon-based International Nickel Study Group (INSG) showed on Wednesday.
During the first 10 months of the year, the global market was in a surplus of 78,300 tonnes compared with a deficit of 163,600 tonnes in the same period of 2021, INSG data shows.
Data below in thousands of tonnes.
| Oct | Sept | Jan-Oct 2022 | Jan-Oct 2021 | |
| Mine production | 286.3 | 299.7 | 2662.4 | 2293.4 |
| Refined production | 279.2 | 261.2 | 2477.0 | 2138.5 |
| Refined usage | 264.0 | 245.7 | 2398.6 | 2302.1 |
| Balance | 15.2 | 15.5 | 78.3 | -163.6 |
(By Eric Onstad; Editing by Elaine Hardcastle)
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