Global nickel market in surplus of 20,500 t in Apr'23
The global nickel market has seen an oversupply of 20,500 t in Apr'23, according to latest data released by the International Nickel Study Group (INSG). This is in stark contrast to the shortage of 2,600 t observed in the same period last year. INSG further noted that in Mar'23, the market was in oversupply of 5,900 t.