Study Group Says Nickel Production Exceeded Demand in November

Bloomberg reported that according to the International Nickel Study Group, refined nickel production went up to 153,100 metric tons in November of last year, despite the demand only at 142,600 tons.

As quoted in the market news:

For the 11 months last year, production was 1.574 million tons compared with demand of 1.506 million tons, for a surplus of 68,000 tons, according to the figures. In the same period in 2011, output was 1.47 million tons compared with demand of 1.478 million tons, for a shortage of 8,000 tons, the data show.

Click here to read the full Bloomberg report.