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 production312.1 271.0 296.7 3,203.5 Refined production285.4 260.3 269.7 3,058.9 Refined Usage258.1 244.1 252.7 2,956.4 Balance*27.4 16.2 17.1 102.5 * Balance between refined production and usage
News: ZMI Global nickel market in 27,400 metric ton surplus in June -INSG
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