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News: ZMI Global nickel market surplus at 25,000 tonnes in August - INSG

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    Oct 24 (Reuters) - The global nickel market surplus rose to 25,000 tonnes in August from 22,600 tonnes in July, data from Lisbon-based International Nickel Study Group (INSG) showed on Monday.

    During the first eight months of the year, the global market was in a surplus of 46,900 tonnes compared with a deficit of 157,400 tonnes in the same period of 2021, INSG added.

    Data below in thousands of tonnes.

    						 Aug	   July	  Jan-Aug	Jan-Aug 
    											 2022		2021 
    															
     Mine production											
    
    						273.2	  289.4	 2051.3	 1813.7 
    															
     Refined production										 
    
    						261.0	  257.5	 1939.7	 1699.4 
    															
     Refined usage											  
    
    						236.0	  234.9	 1892.8	 1856.8 
    															
     Balance													
    
    						 25.0	   22.6	   46.9	 -157.4                    
 
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