Vale S. A provided production guidance for the year 2023, 2024, 2026 and 2030+.

Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.

The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand.

Nickel demand to increase to 3.13 million tons in 2023, supply to increase to 3.37 million tons.

Recently, Glencore announced its Q1 report. Q1 nickel production decreased 9,800 tons year-on-year to 20,900 tons, down 32%.

The global nickel market had a surplus of 20,800 tonnes in February, compared with a deficit of 1,700 tonnes in the same month last year, data from the International Nickel Study Group (INSG) showed on April 19.

Vale produced 66.8 million tons of iron ore in the first quarter, compared with an expected 67.7 million tons and 80.85 million tons in the previous quarter. Nickel production was 41,000 tons in the first quarter, compared with 47,400 tons in the previous quar...

China nickel ore imports in Jan-Dec 2022 by country/region.