Sunday 16 December
Apr 20, 2016 @ 9:17

Philippines? top nickel ore producer sees flat shipments, better prices this year


NICKEL Asia Corp., the Philippines? top nickel ore producer, said on Tuesday it expected shipments this year to match last year?s record-high level despite the still depressed prices of the raw material in stainless steel.

The company, which shipped 19.7 million wet metric tonnes last year from its four operating mines, however,
believes the worst is over for nickel and prices are expected to improve in the second half of the year.

?We think the worst of the downturn has passed, as we are now seeing some production cut backs and closures by refiners,? Nickel Asia CEO Gerard H. Brimo said in a statement.

Please follow and like us:

Tags: , ,

Related Stories
Nickel Asia Corp. has announced a P1.5 billion share buyback plan to be carried out
Mining magnate Manuel Zamora Jr. snapped up 5.358 million shares of Nickel Asia Corp.
Mining firm Nickel Asia Corp. said the estimated value of shipments fell 16.3 percent in
Manny Zamora-led Nickel Asia Corp. said the estimated value of its shipments rose nine percent

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.