WBMS: In October 2025, the global refined nickel supply exceeded by 29,100 tons.

The latest report released by the World Bureau of Metal Statistics shows that in October 2025, global refined nickel production was 326,400 tons, consumption was 297,200 tons, resulting in a surplus of 29,200 tons. From January to October 2025, global refined nickel production was 3,204,600 tons, consumption was 2,866,600 tons, resulting in a surplus of 338,000 tons. In October 2025, global nickel ore production was 342,600 tons, and from January to October 2025, global nickel ore production was 3,557,400 tons.