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 2605.9
Refined usage 251 260.6 2911.4 2772.5
Balance 21.9 6.7 112.2 -166.6
(Reporting by Peter Hobson
Editing by Tomasz Janowski)
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