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LONDON, Feb 21 (Reuters) - The global nickel market was oversupplied by 112,200 tonnes last year after a deficit of 166,600 tonnes in 2021, data from the Lisbon-based International Nickel Study Group (INSG) showed on Tuesday.
The global market recorded a 21,900-tonne surplus in December having been oversupplied by 6,700 tonnes in November, according to INSG data.
Data below in thousands of tonnes.
Dec-22 Nov-22 2022 2021 Mine production 273.9 274.2 3161 2707 Refined production 272.8 267.3 3023.6 2605.9Refined usage 251 260.6 2911.4 2772.5 Balance 21.9 6.7 112.2 -166.6 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World nickel production and usage https://tmsnrt.rs/3SlO0IN^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
News: ZMI UPDATE 1-Nickel market oversupplied by 112,200 tonnes in 2022, INSG says
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