Organization:International Nickel Study Group
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| Abbreviation | INSG |
|---|---|
| Formation | 1990 |
| Type | Intergovernmental Organization |
| Legal status | Active |
| Purpose | Promote transparency in the global nickel market |
| Headquarters | Lisbon, Portugal |
Secretary-General | Paul White |
| Website | https://www.insg.org |
The International Nickel Study Group (INSG) is an intergovernmental organization established in June 1990, in The Hague, Netherlands, within the framework of the United Nations.[1] Since 2006, the International Copper Study Group and International Lead and Zinc Study Group have been co-located with INSG in Lisbon, Portugal.[2]
Creation
Between 1979 and 1986, a series of conferences between nickel producing and using countries were organized to consider the quality of nickel statistics and ways of improving them.[1] These conferences were followed by the United Nations Conference on Nickel (October–November 1985 and April–May 1986), where the terms of Reference of The International Nickel Study Group were created (13 May 1986).[1][3]
Functions
As an International Study Group, the INSG provides a forum for market participants to discuss and exchange information on issues related to a specific commodity (nickel), without market intervention, with the goal of improving market transparency.[4]
Specifically, this is done by monitoring the nickel economy, exchanging information with members, developing studies on specific issues, to "improv[e] the information available on the international nickel economy".[3]
Currently, the most visible work of the INSG are statistics (World Nickel Statistics)[5][6] and forecasts[7] for the nickel market, being commonly cited or referred in industry news,[8][7] studies on commodities[9] and company reports and presentations.[10]
Members
Members of the INSG are Governments of nickel producing and consuming countries. Membership is open to countries with interest in nickel production, consumption or trade as well as "intergovernmental organizations with responsibilities in respect of the negotiation, conclusion and application of international agreements, particularly commodity agreements".[1]
Current members of the INSG are:
References
- ↑ 1.0 1.1 1.2 1.3 United Nations (1998). Intergovernmental Producer-Consumer Cooperation in Commodities in Mid 1990s - A handbook on international commodity agreements, arrangements and study groups (UNCTAD/ITCD/COM/11). New York and Geneva: United Nations. pp. 17–18. https://unctad.org/system/files/official-document/itcdcom11_en.pdf.
- ↑ Headquarters Agreement Between the Portuguese Republic and the International Copper Study Group, the International Lead and Zinc Study Group and the International Nickel Study Group, Diário da República, 1ª série / N.º 234 (2006) (pp. 8231–8235). Accessed 6 April 2022. https://files.dre.pt/1s/2006/12/23400/82268235.pdf
- ↑ 3.0 3.1 United Nations (1986), Terms of Reference of the International Nickel Study Group, as adopted on 2 May 1986 by the United Nations Conference on Nickel, 1986 https://treaties.un.org/doc/Treaties/1990/05/19900523%2004-32%20AM/Ch_XIX_29p.pdf (Accessed 6 April 2022)
- ↑ United Nations (1998). Intergovernmental Producer-Consumer Cooperation In Commodities In Mid 1990s - A handbook on international commodity agreements, arrangements and study groups (UNCTAD/ITCD/COM/11). New York and Geneva: United Nations. pp. 15. https://unctad.org/system/files/official-document/itcdcom11_en.pdf.
- ↑ Fajarnes, P. 2011, An Overview of Major Sources of Data and Analyses Relating to Physical Fundamentals in International Commodity Markets, United Nations Conference on Trade and Development (UNCTAD) Discussion Papers No. 202 (UNCTAD/OSG/DP/2011/2), June 2011. (p. 12). Accessed 6 April 2022, https://unctad.org/system/files/official-document/osgdp20112_en.pdf
- ↑ "International Nickel Study Group (INSG) >> globalEDGE: Your source for Global Business Knowledge". https://globaledge.msu.edu/global-resources/resource/11259.
- ↑ 7.0 7.1 "International Nickel Study Group forecasts rising nickel demand in 2022" (in en-US). 2021-10-11. https://www.mining.com/international-nickel-study-group-forecasts-rising-nickel-demand-in-2022/.
- ↑ "Nickel hits its highest since 2011 as stockpiles dwindle" (in en). Reuters. 2022-01-14. https://www.reuters.com/markets/europe/nickel-leaps-highest-since-2011-stockpiles-dwindle-2022-01-14/.
- ↑ "Nickel Statistics and Information | U.S. Geological Survey (Links Section)". https://www.usgs.gov/centers/national-minerals-information-center/nickel-statistics-and-information.
- ↑ Sumitomo Metal Mining Co., Ltd. (2022-05-18). FY2021 Progress of Business Strategy (Report). p. 9. https://www.smm.co.jp/en/ir/event/roadshow/pdf/2021/220518_setsumeikai_E.pdf. Retrieved 2022-07-01.
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