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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (172898)

7/22/2023 3:28:26 PM

From: LoneClone

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Global nickel market in 11,900t surplus in May – INSG

mining.com

Reuters | July 18, 2023 | 10:07 am Intelligence Asia Nickel

The global nickel market had a surplus of 11,900 metric tons in May, compared with a surplus of 13,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Tuesday.

That compares with a surplus of 18,800 metric tons in April 2023, Lisbon-based INSG added.

Data below in thousands of tons:

	May 2023	May 2022	April 2023	2022
Mine production	296.4	272.2	290.3	3,210.8
Refined production	269.9	253.3	263.5	3,058.9
Refined Usage	258.1	239.4	244.7	2,956.4
Balance*	11.9	13.9	18.8	102.5

* Balance between refined production and usage

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