Tag: Global nickel production forecast

INSG forecasts nickel surplus at around 109,000 t for CY’24; LME prices rebound

Apr 26, 2024

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by

Neha TU

in Non Ferrous, Stainless Steel

The International Nickel Study Group (INSG) forecasted a surplus of 109,000 tonnes (t) for 2024, following surpluses of 98,000 and 163,000 t in 2022 and 2023, respectively. The global economy is expected to maintain its growth trajectory in 2024, similar to 2023, with a gradual decline in global inflation projected. According to the World Stainless…