According to the latest report released by the World Bureau of Metal Statistics (WBMS), in April, the global refined nickel production totaled about 293,600 tons. Meanwhile, the consumption amounted to about 281,600 tons. Therefore, the supply surplus was about 12,000 tons.

In the first four months, the global output of refined nickel was about 1.15 million tons, while the consumption was 1.12 million tons. As a result, the supply exceeded the consumption by about 31,100 tons.