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09 Jun
01:44

Philippines' nickel ore production up in Q1

The Philippines’ nickel ore production rose 5.4% year-on-year to 4 million dry metric tonnes (dmt) in the first quarter, Kallanish reports. The estimated nickel value also climbed to PHP 11.53 billion ($205.81 million) from PHP 8.09 billion, according to the country’s Mines and Geosciences Bureau. The average nickel price during the first quarter was slightly down by $0.96/pound from $12.74/lb in Q1 2022 to $11.78/lb. Despite the small slip, prices ar…
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