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Philippines Q1 nickel ore output falls 27% y/y as most mines shut

Published 05/21/2020, 11:49 AM
Updated 05/21/2020, 11:50 AM

MANILA, May 21 (Reuters) - The Philippines said on Thursday
its nickel ore output in the first quarter shrank 27% from a
year earlier to 28,006 tonnes, as more than half of its 29
operating nickel mines reported zero production.
Just 11 of the Southeast Asian nation's nickel mines
reported output in the March quarter, while 18 were either under
care and maintenance programmes or did not operate due to
unfavourable weather, the Mines and Geosciences Bureau said.
The Philippines is poised to become the top supplier of
nickel ore this year to China, where it is processed for use in
making nickel pig iron, a key ingredient of stainless steel,
after Indonesia stopped ore exports beginning January.

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