ZMI zinc of ireland nl
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News: ZMI Nickel market oversupplied by 112,200 tonnes in 2022, INSG says

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    22/02/23
    02:50
    Post #: 66384028

    LONDON, Feb 21 (Reuters) - The global nickel market was oversupplied by 112,200 tonnes last year after a deficit of 166,600 tonnes in 2021, data from the Lisbon-based International Nickel Study Group (INSG) showed on Tuesday.

    The global market recorded a 21,900-tonne surplus in December having been oversupplied by 6,700 tonnes in November, according to INSG data.

    Data below in thousands of tonnes. 

    					  Dec-22	Nov-22   2022	  2021 
 Mine production	  273.9	 274.2	3161	  2707 
 Refined production   272.8	 267.3	3023.6	2605.9 

     Refined usage		251	   260.6	2911.4	2772.5 
 Balance			  21.9	  6.7	  112.2	 -166.6
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