INSG Forecasts That Global Nickel Output Will Grow Much Faster than Demand in 2023

Published: Apr 26, 2023 10:30

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According to the International Nickel Industry Research Group (INSG), the global nickel production is expected to increase from 3.06 million mt in 2022 to 3.37 million mt in 2023, a year-on-year increase of 10%.

The INSG also projects that the global nickel demand will increase from 2.96 million mt in 2022 to 3.13 million mt in 2023, a year-on-year increase of 5.7%.

Nickel Market To Shift Back Into Supply Deficit In 2027

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