SHANGHAI, May 18 (SMM) – Global nickel market was in a surplus of 3,300 tonnes during the first three months of 2017, according to the World Bureau of Metal Statistics (WBMS). 

The market saw a shortage of 62,000 tonnes in the whole year of 2016. 

By the end of March, LME nickel inventories were up by 4,400 tonnes from the level seen in late 2016. 

From January to March 2017, global refined nickel production was 391,500 tonnes, compared with consumption of 388,200 tonnes. 

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