The two biggest nickel miners in the Philippines, Nickel Asia Corp and Global Ferronickel Holdings Inc, on Tuesday said prices for the metal would be robust this year due to growing demand from China.
The Philippines is the world’s top supplier of nickel ore, used to help make stainless steel, with China its No.1 market.
“The company’s prospects remain optimistic driven by strong stainless steel demand in China,” Global Ferronickel President Dante Bravo said in a statement released with the company’s export outlook for this year.