According to the latest report from the World Bureau of Metal Statistics (WBMS), the global refined nickel market had a supply surplus in April. Worldwide refined nickel production in the month reached 331,500 tons, while consumption was 290,000 tons, resulting in a surplus of 41,500 tons.

In the first four months of this year, global production totaled 1.3121 million tons against a consumption of 1.1557 million tons, indicating a cumulative supply surplus of 156,400 tons.

Global nickel ore production in April was 341,600 tons, and the output in the January-April period amounted to 1.3108 million tons.