Nickel Surplus DecliningNickel surplus declining, down approximately 35% in a month . Prices should start heading up soon.
The global nickel market had a surplus of 11,900 metric tons in May, compared with a surplus of 13,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Tuesday.
That compares with a surplus of 18,800 metric tons in April 2023, Lisbon-based INSG added.