LONDON, July 18 (Reuters) - 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 Jan-May 2022 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
