WBMS: Global Nickel Market Sees Deficit in First Two Months of 2017

SHANGHAI, Apr. 20 (SMM) – World's nickel market was in deficit of 20,000 tonnes during the first two months of 2017, according to latest data from World Bureau of Metal Statistics (WBMS). 

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According to WBMS, the supply deficit was 62,000 tonnes for the whole year of 2016. Refined production from January to February 2017 was 272,100 tonnes and demand was 292,200 tonnes.

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During January to February, mine production was 311,000 tonnes, up 4,000 tonnes on a yearly basis. During the same period, world’s nickel apparent demand was 18,600 tonnes higher than the previous year. 

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