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Global Nickel Surplus at 31,700 MT in First Four Months of 2013
Jun. 19, 2013 11:36AM PST
Base Metals Investing 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.
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.