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