MANILA, July 10 (Reuters) – The Philippines’ nickel ore exports could drop by up to 17 percent this year as weaker prices curb output in the world’s second-biggest supplier, the head of a nickel mining industry group said on Tuesday.
Shipments of nickel ore, used to make stainless steel, could fall to 30-35 million tonnes from 36 million tonnes in 2017, Dante Bravo, president of the Philippine Nickel Industry Association, told a media forum.
“As a whole, we expect exports this year to be less than what we saw last year because the price of low-grade nickel now is weak,” he said. The Philippines is the world’s No.2 nickel ore supplier after Indonesia, shipping the bulk of its output to top buyer China. Continue Reading →