MENAFN reported that from January to April of this year, there was a global nickel surplus of 31,700 metric tons, according to the World Bureau of Metal Statistics.

As quoted in the market news:

This compares with a 130,800-ton surplus over the whole of 2012 and a 33,300-ton surplus for the same period last year. Mine production during January to April was 673,900 tons, up by 14.9% compared with last year.

World apparent demand was 596,400, 10.1% higher than during the same period last year. No allowance is made in the consumption calculation for unreported stock changes.

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