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News: ZMI Global nickel market surplus at 20,500 tonnes in June -INSG

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    19/08/22
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    Post #: 63202003

    Aug 18 (Reuters) - The global nickel market surplus rose to 20,500 tonnes in June from 19,500 tonnes in May, data from the Lisbon-based International Nickel Study Group (INSG) showed on Thursday.

    During the first six months of the year, the global market was in a surplus of 30,800 tonnes compared with a deficit of 125,500 tonnes in the same period of 2021, INSG added.

    Data below in thousands of tonnes. 

    					 June	   May		Jan-June   Jan-June 
										   2022	   2021 
 Mine production	 265.6	  266.0	  1459.3	 1257.4 
 Refined production  254.5	  247.5	  1425.5	 1251.4 
 Refined usage	   234.0	  228.0	  1394.7	 1376.9 
 Balance			  20.5		19.5	   30.8	   -127.5
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