News: ZMI Global nickel market in 27,400 metric ton surplus in June -INSG

Aug 21 (Reuters) - The global nickel market had a surplus of 27,400 metric tons in June, compared with a surplus of 16,200 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Monday.

That compares with a surplus of 17,100 metric tons in May 2023, Lisbon-based INSG added.

Data below in thousands of tons:

						 June								   
									  June		May		 2022 
						 2023								   
																
									 2022		2023	   
															
 Mine production												

						 312.1	   271.0	   296.7		  
														   3,203.5 
																
																
 Refined production											 

						 285.4	   260.3	   269.7		  
														   3,058.9 
																
																
 Refined Usage												  

						 258.1	   244.1	   252.7		  
														   2,956.4 
																
																
 Balance*													   

						 27.4		16.2		17.1		 102.5 
																
																
 * Balance between refined production and usage