National port nickel ore inventory increased significantly by 460,000 wmt last week

On October 18, the national port nickel ore inventory increased significantly by 460,000 wmt to 9.922 million wmt compared to September 27. The total equivalent metal content is 81,500 mt. Regarding the Philippines, the number of nickel ore shipments to Indonesia within the month has already shown a significant decline. Coupled with the new progress in the Indonesian RKAB nickel ore quota realization, the subsequent monthly shipments of Philippine nickel ore to Indonesia are expected to continue to decrease.