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

PH expects lower nickel exports this year

AngMinero News by AngMinero News
July 13, 2018
in Business
26 2
0
PH expects lower nickel exports this year
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Amid lower global prices and Indonesia easing up on its export ban, industry experts expect a decline in nickel ore exports ranging from 30 to 35 million wet metric tons this year.

Dante Bravo, President of the Philippine Nickel Industry Association (PNIA), said that nickel direct shipping ore for 2018 could fall to as much as 30 million wet metric tons (WMT), lower than the 36 million WMT recorder last year.

“We are expecting less [export] as prices of low-grade ores are down right now. Plus we still have the moratorium and the expected limitation in mining areas,” he said.

Global prices reached $16 per WMT las year but has since dropped to a low of $10 per WMT.

Meanwhile this year’s first quarter recorded exported nickel amounting to 2.57 million WMT, three percent below the 2.65 million WMT in the same period last year.

Mining companies are gradually shifting to the export of medium-grade oers amid declining prices of the usual low-grade.

“For the long term, this would mean that some mines might slowdown in their production in the coming years depending on the areas being mined. The shift would have to make adjustments depending on mineralization,” Bravo said.

Around 90 percent of nickel export goes to China with the remaining 10 percent going to Japan.

“Nickel is basically a consumer good. Nickel consumption is still increasing globally, particularly in China with their booming electronic vehicle industry, as well as increasing public expenditures on construction,” Bravo said.

Bravo said he is looking forward for more flexibility in terms of foreign investments. Three companies have financial or technical assistance agreement with the government, the rest are just under mineral production sharing agreements.

“Foreign investors have the capital, the technology and manpower since mining is a capital intensive industry. It is hard to borrow from local banks, say $10 million, to start but foreign investors are very willing to shell out,” he said.

 

 

 

Tags: nickel

Related Posts

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million
Business

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025
Metallic mineral production up 3.17% in three quarters of 2024
Business

Metallic mineral production up 3.17% in three quarters of 2024

January 8, 2025
Nickel Asia to divest stake in Coral Bay, to focus on upstream mining, RE
Business

Nickel Asia to divest stake in Coral Bay, to focus on upstream mining, RE

January 8, 2025
Benguet Corporation eyes new ventures after 30 years
Business

Benguet Corporation eyes new ventures after 30 years

December 27, 2024
B2Gold to expand PH operations with new exploration office in 2025
Business

B2Gold to expand PH operations with new exploration office in 2025

December 13, 2024
Philex 2021 core net income soars 118% to Php2.53B
Business

Philex Mining extends Padcal mine operations until 2028

December 9, 2024

FEATURED POST

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025
5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

October 7, 2025
OceanaGold names Brian Martin as new chairman of Philippine subsidiary

OceanaGold names Brian Martin as new chairman of Philippine subsidiary

October 6, 2025
Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards

Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards

October 6, 2025

EDITOR PICK'S

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

October 7, 2025

OceanaGold names Brian Martin as new chairman of Philippine subsidiary

October 6, 2025

Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards

October 6, 2025

Ajoc: Caraga to lead in DOST’s push for sustainable mining practices

October 1, 2025

DOST invests PHP300M in critical minerals R&D to boost sustainable mining

October 1, 2025

SRK’s Ben Jupp: AI and machine learning to reshape mineral exploration

October 1, 2025

Recent News

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025
5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

October 7, 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