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Philippines' Nickel Asia H1 Net Income Jumps 149 pct yr/yr
Aug 1,2011 10:03CST
industry news
Source:SMM
Nickel Asia Corp , the Philippines' largest nickel producer, is partly owned by Japan's Sumitomo Metal Mining Co Ltd.

Aug. 1 -- Nickel Asia Corp , the Philippines' largest nickel producer, is partly owned by Japan's Sumitomo Metal Mining Co Ltd. The Southeast Asian country was the world's third-biggest producer of nickel ore last year, behind Russia and Indonesia.

In a statement, Nickel Asia said its first half net income surged on higher metal prices, adding it sees record shipment volumes this year amid strong demand for nickel.

 

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