Shipments of nickel ore from the Philippines may shrink by as much as 30% this year as the world’s top supplier cracks down on errant miners and after some companies cut output in the first half due to weak prices and poor weather, according to the head of one of the biggest producers.
Volumes are expected to drop at least 20% compared with a year earlier, Dante Bravo, president and CEO of Global Ferronickel Holdings said in an interview.
