Global nickel market deficit falls in April to 200 tonnes

Credit: LME

The global nickel market deficit narrowed to 200 tonnes in April compared with a shortfall a month earlier of 8,900 tonnes, data from the International Nickel Study Group (INSG) showed on Wednesday.

During the first four months of the year, the global market was in a deficit of 8,100 tonnes compared with a deficit of 63,900 tonnes in the same period of 2021, Lisbon-based INSG added.

[Click here for an interactive chart of nickel prices]

Data below in thousands of tonnes.

AprilMarchJan-April 2022Jan-April 2021
Mine production260.0235.1941.3802.3
Refined production242.8237.2934.7824.9
Refined Usage243.0246.0942.8888.8
Balance-0.2-8.9-8.1-63.9

(By Eric Onstad; Editing by Shinjini Ganguli)

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