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Nickel Market in 108,200-tonne Surplus from January to August
Oct. 17, 2013 10:46AM PST
Base Metals Investing
Reuters reported that the global nickel market recorded a surplus of 108,200 tonnes in the first eight months of 2013, as per the International Nickel Study Group (INSG).
Reuters reported that the global nickel market recorded a surplus of 108,200 tonnes in the first eight months of 2013, as per the International Nickel Study Group (INSG).
As quoted in the market news:
[The INSG bulletin] showed world primary nickel consumption totalled 1.164 million tonnes in January to August, while primary nickel output was 1.272 million tonnes for the period. Nickel mine production in January to August totalled 1.434 million tonnes.
Latest figures showed nickel stocks held by producers were at 89,800 tonnes in July versus 91,700 tonnes in June.
Click here to read the full Reuters report.