Global nickel production rises in January-September

Wednesday, 22 November 2017 14:46:32 (GMT+3)   |   Istanbul
       

According to the World Bureau of Metal Statistics (WBMS), in the first nine month of this year there was a nickel deficit of 46,600 mt in the global market. Reported nickel stocks held at the London Metal Exchange (LME) at the end of September were 12,400 mt higher than at the end of 2016.

In the January-September period this year, global nickel mine production totaled 1.45 million mt, up 47,000 mt year on year, the WBMS said. Chinese refinery output decreased by 24,000 mt year on year in the given period, while Chinese apparent demand was 153,000 mt lower than in the same period of 2016. Meanwhile, world apparent demand for nickel in the first nine months of this year was 85,000 mt lower compared to the corresponding period of the previous year.

In September alone, global nickel production stood at 169,300 mt, while global consumption amounted to 175,100 mt.


Similar articles

Global iron ore output and consumption expected to fall in 2020

02 Jul | Steel News

IREPAS: Hints of optimism in global longs market despite continued instability

08 Jun | Steel News

Turkey’s finished steel output and consumption rise in Q1

05 May | Steel News

Turkey’s finished steel output and usage increase in Jan-Feb

06 Apr | Steel News

Ugur Dalbeler: Steel sector may halt production if virus continues to spread

02 Apr | Steel News

Turkey’s finished steel output and consumption decline in 2019

04 Feb | Steel News

Turkey’s finished steel output in Jan-Nov hit by challenges in longs sales

02 Jan | Steel News

Turkey’s finished steel output and usage decline in Jan-Oct

29 Nov | Steel News

Turkey’s finished steel output and usage decline in Jan-Sept

01 Nov | Steel News

Turkey’s finished steel output and consumption fall in January-August

30 Sep | Steel News