AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

Pataas nang pataas: Nickel Asia shipment up 20%

AngMinero News by AngMinero News
January 21, 2019
in Business, News
26 2
0
PH nickel output hits a six-year low at 33 percent
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Nickel Asia Corporation’s estimated shipment value for 2018 grew by 20 percent amounting to P 17.29 billion from 2017’s P 14.43 billion due to higher export volume, improved prices, and convenient peso-dollar exchange.

The nickel ore producer managed to sold about 19.35 million wet metric tons (WMT) from its four operating mines last year. The average selling price per WMT experienced an upsurge to $16.86 per WMT in 2018, higher that its previous worth of $16.17 during 2017.

Nickel Asia’s site in Taganito outperformed other mines with 46 percent of all the company’s shipments.

On the other hand, the company’s Rio Tuba mine accounted for 30 percent of the total shipments. Cagdianao site also grew its shipments quantity to 2.64 million WMT in 2018 from 1.85 million. Contrary, the Hinatuan site amounted only to 2.15 million WMT, a down surge from 2017’s 2.45 million.

Nickel Asia exports mainly to China and Japan. Its exports from the said countries both increased during the year with 4.56 million WMT from the recorded 3.05 million on 2017.

This was the same time Indonesia succeeded in growing their nickel ore supply. Nickel Asia President Martin Antonio Zamora expressed delight in the company’s shipments growth.

“In addition, though the LME (London Metal Exchange) nickel price was dragged down in 2018 by negative market sentiment as a result of the US-China trade dispute, we expect a recovery in 2019, on the back of demand from stainless steel producers and battery manufacturers catering to the electric car industry,” Zamora said in a regulatory filing to the stock exchange.

Tags: Nickel Asia CorporationNickel ore

Related Posts

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise
News

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment
News

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025
Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually
News

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025
DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley
News

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

June 17, 2025
Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices
News

Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices

June 17, 2025
OGPI Strengthens Local Ties with PHP48.5M Remittance to Nueva Vizcaya
News

OceanaGold Allocates PHP280 Million for Exploration in Didipio Area

June 17, 2025

FEATURED POST

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025
SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025
Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

June 23, 2025

EDITOR PICK'S

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

June 23, 2025

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

June 17, 2025

Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices

June 17, 2025

Recent News

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In