Ontario to invest another C$13m in 84 mineral exploration projects
Last year, more than C$950 million overall was invested into Ontario’s exploration projects.
The global nickel market increased its surplus to 20,700 tonnes in May from a surplus of 3,200 tonnes a month earlier, data from the International Nickel Study Group (INSG) showed on Monday.
The INSG in April reported a deficit of 200 tonnes.
During the first five months of the year, the global market was in a surplus of 16,100 tonnes compared with a deficit of 97,500 tonnes in the same period of 2021, Lisbon-based INSG added.
Data below in thousands of tonnes.
| May | April | Jan-May 2022 | Jan-May 2021 | |
| Mine production | 272.3 | 259.5 | 1211.0 | 1025.9 |
| Refined production | 252.9 | 242.1 | 1182.0 | 1034.5 |
| Refined Usage | 232.3 | 238.9 | 1166.0 | 1132.0 |
| Balance | 20.7 | 3.2 | 16.1 | -97.5 |
(By Eric Onstad; Editing by Shinjini Ganguli)
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