News: ZMI Global nickel market in 20,500 tonne surplus in April -INSG

June 21 (Reuters) - The global nickel market had a surplus of 20,500 metric tons in April, compared with a deficit of 2,600 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Wednesday.

That compares with a surplus of 5,900 tons in March 2023, Lisbon-based INSG added.

Data below in thousands of tons:

						April	   April		March	   2022 
						 2023		2022		2023	   
 Mine production		291.4	   254.9		272.0	 3,211.4 
 Refined production	 264.1	   242.7		254.6	 3,059.4 
 Refined Usage		  243.6	   245.4		248.7	 2,956.4 
 Balance*				20.5		-2.6		 5.9	   103.0 
 * Balance between refined production and usage