Global Nickel Market Turns to Surplus in April 2024
Jun 25, 2024
The International Nickel Study Group (INSG) reported on Friday that the global nickel market saw a surplus of 1,000 tons in April this year, contrasting with a shortage of 1,300 tons in March.
Compared to the same period last year, which had a surplus of 5,900 tons, the first four months of this year have seen an excess of 22,600 tons, down from 35,000 tons in the same period last year.
Month/Year | April 2024 | April 2023 | March 2024 | Jan-Apr 2024 | Jan-Apr 2023 |
---|---|---|---|---|---|
Nickel Mine Production | 295.5 | 295.1 | 286.3 | 11458 | 1105.8 |
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