Cuts in the output of Indonesia’s nickel mines may reduce global supply, but this could benefit the Philippines, one of the world’s top nickel ore producers. Dan Smith, head of research at Amalgamated Metal Trading Ltd.
Cuts in the output of Indonesia’s nickel mines may reduce global supply, but this could benefit the Philippines, one of the world’s top nickel ore producers.
He noted that Indonesia’s policies, including mining quotas and export controls, affect the Philippines’s part in the global nickel market. Indonesia is the world’s largest producer of the base metal. “The Philippines continues to be a significant supplier of nickel ore to Indonesia, which is a major producer of nickel pig iron ,” Smith said.
The World Integrated Trade Solution said the Philippines was the top exporter of nickel ores and concentrates in 2023, with Zimbabwe and United States trailing behind.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nickel Asia Corp. in Talks to Sell Stake in Coral Bay Nickel Corp.Nickel Asia Corp. (NAC) is in discussions with Sumitomo Metal Mining Co. (SMM) to sell its 15.625% stake in Coral Bay Nickel Corp. (CBNC), a company operating a nickel and cobalt processing plant in the Philippines.
Read more »
Nickel Asia to Sell Stake in Coral Bay Nickel to SumitomoNickel Asia Corp. is in talks to sell its 15.625% stake in Coral Bay Nickel Corp. to Sumitomo Metal Mining Co. Ltd. The sale is subject to a third-party valuation of the Coral Bay stake.
Read more »
Citi Philippines Predicts BSP Rate Cuts in 2025 Despite Inflation UptickCiti Philippines expects the Bangko Sentral ng Pilipinas (BSP) to cut interest rates by 75 basis points in 2025, even with a recent surge in inflation. The bank attributes the anticipated rate cuts to the current relatively high policy rate and the time lag in monetary policy.
Read more »
Philippines Health Budget Cuts Threaten System FragmentationThe Philippine government's reduced health budget for 2025 raises concerns about the future of the healthcare system, potentially leading to fragmentation and limiting market opportunities.
Read more »
Philippines Poised for Higher Growth in 2025 on Expected BSP Rate CutsMetrobank Research predicts the Philippines will see increased growth in 2025, fueled by further policy rate reductions by the Bangko Sentral ng Pilipinas (BSP). The research unit expects a 6.2% GDP growth in both 2025 and 2026, driven by increased consumption and investment spending. This forecast aligns with the government's target range of 6.0-8.0% for 2025-2028 and indicates an improvement from the anticipated below-target result for 2024.
Read more »
IMF Advises Gradual Rate Cuts for PhilippinesThe International Monetary Fund (IMF) recommends the Bangko Sentral ng Pilipinas (BSP) to gradually reduce its policy rate and adopt a neutral stance, while cautioning against supply shocks.
Read more »