SHANGHAI, Nov. 22 (SMM) – The Mines and Geosciences Bureau (MGB) of the Philippines expects a drop in metal output in 2016 from 2015’s level due to unfavorable price environment and government environmental crackdowns, BusinessWorld reported.
Nickel Ore Inventories Fall 370,000 Wmt at Seven Major Chinese Ports
The impact on metals production from the government audit will be big despite of price recovery recently, according to the report.
The first six months saw a 30 per cent drop in nickel ore production to 10.45 million dmt worth P9.2 billion, and the big decline reflected the impact of the environmental audit and sluggish nickel prices, according to the MGB.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
