Global nickel market sees 13,400 tonne surplus in January -INSG

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In 2023, the nickel market surplus widened to 238,800 metric tons from 103,900 metric tons in 2022, the data showed.

Data below in thousands of metric tons:

Jan 2024 Jan 2023 Dec 2023 FY 2023 FY 2022
Mine production 289.9 263.2 313.8 3,675.7 3,208.2
Refined production 282.2 256.4 294.5 3,344.7 3,058.7
Refined usage 268.9 233.4 265.6 3,105.9 2,954.8
Balance 13.4 23.1 28.9 238.8 103.9

(Reporting by Anjana Anil in Bengaluru; Editing by David Gregorio)

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