According to the data from the International Nickel Study Group (INSG), the global nickel supply market had a surplus of 6,600 tons in March this year, compared to a surplus of 20,800 tons in the previous month and a shortage of 8,900 tons in the corresponding period a year ago.

Statistics from the World Bureau of Metal Statistics (WBMS) showed that the global refined nickel market had a supply surplus of 5,600 tons in March, and the global nickel ore production was 290,500 tons.