Global Ferronickel Holdings, the second largest nickel ore supplier in the Philippines, said on Wednesday that it had signed an agreement with Baosteel Resources International Co., Ltd. (Baosteel Resources International Co Ltd) to supply 1 million wet tons of nickel ore to the latter's market price in 2020.
Half of the ores are low grade ores and the other half are medium or high grade nickel ores, the company said in a statement.
Shipments of these nickel minerals are expected to begin in April next year.
Baosteel Resources International Co., Ltd. is a division of China Baowu Iron and Steel Group.
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