LONDON: The global nickel market was in a 5,200 tonne surplus in July, compared with a 12,600 tonne surplus in the same period a year ago, according to the latest monthly bulletin from the International Nickel Study Group.

The bulletin showed world primary nickel consumption totalled 152,400 in July while primary nickel output was 157,600 tonnes.

In June, the market showed a 4,800 tonne deficit, revised data showed. Nickel mine production in July totalled 180,300 tonnes, compared with 180,200 tonnes in June.

Nickel stocks held by producers were 87,100 tonnes in June, unchanged from the previous month.