Nickel surpluses - what are they all about?24 June 2024 – According to the World Bureau of Metal Statistics (WBMS), almost 97.5% of the world’s refined nickel production was consumed directly from January to April 2024. Just 2.5% could be allocated to so-called surplus production, which corresponds to around 31,000 MT of nickel. But is this surplus available at all? Source