The global nickel market had a surplus of 28,600 metric tons in July, compared with a surplus of 15,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Thursday.
That compares with a surplus of 25,400 metric tons in June 2023, Lisbon-based INSG added.
Data below in thousands of tons:
| July 2023 | July2022 | June2023 | 2022 | |
| Mine production | 335.7 | 288.0 | 320.4 | 3,203.5 |
| Refined production | 293.0 | 257.1 | 284.5 | 3,058.6 |
| Refined Usage | 264.4 | 241.3 | 259.1 | 2,956.4 |
| Balance* | 28.6 | 15.9 | 25.4 | 102.2 |
(By Polina Devitt; Editing by Jane Merriman)
Comments