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UPDATE 1-Philippines says 2020 nickel output up 3%, warns outlook uncertain

Published 02/23/2021, 11:55 AM
Updated 02/23/2021, 12:00 PM

* 2020 nickel output 333,962 T last year vs 323,325 T year
ago
* Only 18 of 30 nickel mines reported output last year

(Adds mines bureau's 2021 industry outlook)
MANILA, Feb 23 (Reuters) - Philippine nickel output rose 3%
last year even as the COVID-19 pandemic hampered some projects,
government data showed, but the Mines and Geosciences Bureau
warned that the outlook for its minerals industry this year
remained uncertain.
Nickel output in the world's biggest exporter of the
material to top metal consumer China totalled 333,962 tonnes
last year compared with 323,325 tonnes in 2019, government data
showed.
Only 18 of the 30 nickel mines in the Southeast Asian
country reported output last year.
"The outlook for 2021 for the minerals industry remains
uncertain as the COVID-19 pandemic continues to be a threat to
lives and livelihoods," the Mines and Geosciences Bureau said in
a statement.
Quarantine restrictions had prompted mining companies to
reduce working hours and manpower, it said.
However, the agency expressed hopes that rising prices of
nickel in the world market coupled with the rollout of COVID-19
vaccines would encourage miners to restart and ramp up
production, and pave the way for new projects to come on stream.
Nickel ore supplies have been tight in China, which uses the
material to produce nickel pig iron, a key ingredient in
stainless steel, since top ore producer Indonesia banned exports
from the start of last year.

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