Global Nickel Surplus at 31,700 MT in First Four Months of 2013

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.

Click here to read the full MENAFN report.

The Conversation (0)
×