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

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