Nickel ore sold in January to September reached 4.379 million wet metric tons (WMT), 5.7 lower than 4.642 million WMT a year ago. FNI shipped 80 vessels of nickel ore as against 85 year-on-year. The product mix was 59 percent low-grade ore and 41 percent medium-grade ore, compared with last year’s mix of 42 percent low-grade and 58 percent medium-grade. These shipments sold only to customers in China consisted of 2.588 million WMT low-grade and 1.791 million WMT medium-grade nickel ore, compared with 1.953 million WMT low-grade and 2.689 million WMT medium-grade nickel ore in the same period in 2019. Year-on-year, the overall average realized nickel ore price jumped by 28.6 percent to $25.56 per WMT from $19.88 per WMT.

Source: Manila Times November 13, 2020 16:40 UTC