Global nickel oversupply shows easing in Jan, better than expectation
According to the report from the International Nickel Study Group (INSG) on March 18th, the amount of oversupply for nickel in the first month of this year was around 8,400 tons, smaller than the previous expectation’s 14,700 tons.
Moreover, the total oversupply situation of nickel global last year was 123,000 tons, and 32,200 tons in 2019.
