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World Bureau of Metal Statistics: The global nickel market oversupply in 2020 is about 53,000 tons

  • Saturday, February 20, 2021
  • Source:ferro-alloys.com

  • Keywords:nickel
[Fellow]World Bureau of Metal Statistics: The global nickel market oversupply in 2020 is about 53,000 tons

Ferro-alloys.com:According to the latest statistics from the World Bureau of Metal Statistics (WBMS), the surplus of nickel in 2020 is about 53,000 tons, while the shortage of nickel in 2019 is nearly 28,000 tons.

In 2020, the total global refined nickel production is about 2.42 million tons, while the demand is 2.37 million tons, 66,000 tons less than the same period last year.

In addition, the number of nickel stocks reported on the London Metal Exchange (LME) is approximately 95,000 tons higher than the level at the end of 2019.

  • [Editor:zhaozihao]

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