World Metal Statistics Bureau: Global Nickel Market Supply Shortage of 6500 Tons from January to November 2018
LONDON, Jan. 16 (Reuters) - The World Bureau of Metal Statistics (WBMS) released a report Wednesday showing a global nickel shortage of 0.65 million tons between January and November 2018. In 2017, there was a shortage of 413,000 tons.
By the end of November 2018, LME could report a reduction of 154,000 tons in nickel stocks from the end of 2017.
From January to November 2018, the global production of refined nickel was 2.279 million tons, and the demand was 2.085 million tons.
The global nickel production from January to November 2018 was 2.169 million tons, an increase of 289 million tons over the same period in 2017.
The nickel output of China's smelters/refineries increased by 136,000 tons compared with the same period in 2017, and the apparent demand increased by 127,000 tons compared with the same period in 2017.
Apparent global demand increased by 168,000 tons over the same period last year.
In November 2018, the global production of nickel in smelters/sorters was 214,400 tons and consumption was 215,500 tons.