Institutional point of view: what is the trend of supply and demand of nickel market in 2022? According to (INSG), an international nickel research group, the global nickel market is expected to be oversupplied by 76000 tons in 2022, compared with a shortage of 134000 tons in 2021. Global original nickel production is expected to reach 3.12 million tons in 2022, an increase of about 10 per cent over 2021, while demand is expected to be 3.044 million tons in 2022, an increase of about 18 per cent over 2021.