GFNI Marks First Nickel Ore Shipment to Indonesia, Eyes Strategic Expansion

Published: May 5, 2025 18:03

Save

Global Ferronickel Holdings, Inc. (GFNI), through its unit Platinum Group Metals Corp. (PGMC), marked its first nickel ore shipment to Indonesia on April 30, 2025, exporting 56,625 WMT of low-grade ore, signaling a strategic expansion beyond its primary market, China. PGMC targets 91 shipments totaling five million WMT this year, with a mix of 53% low-grade and 47% medium-grade ore. GFNI, one of the Philippines' top nickel exporters with operations in Surigao del Norte and Palawan, anticipates double-digit revenue growth in 2025 due to increased production, especially in Palawan, and enhanced port operations. In 2024, the company earned PHP 7.611 billion in revenue and PHP 743.9 million in net income, and has allocated PHP 711.8 million in 2025 for capital expenditures, including mine development, exploration, and investments in infrastructure and value-added processing such as ferronickel and battery-grade nickel.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 24, 2026 19:15

[SMM Analysis] Raw Material Policy Synergy Drives Cost Increase, Caution Prevails in Overseas Stainless Steel Demand

Apr 24, 2026 19:15

Apr 24, 2026 18:58

[SMM Analysis] Post-Holiday Rebound Lifts China's Stainless Steel Futures, But Physical Market Tells a Cautious Story

SHFE stainless steel futures end the week (April 20-24, 2026) above RMB 15,100/mt as RKAB quota-cut expectations shift the market narrative from macro stimulus to supply-side cost support.

Apr 24, 2026 18:58

Apr 24, 2026 18:21

SMM Nickel News: High-Grade NPI Prices Surge, Market Shows Dip-Then-Rally Trend

[SMM Nickel News Flash] The average price of SMM 10-12% high-grade NPI rose 7.7 yuan/nickel unit WoW to 1,093.1 yuan/nickel unit (ex-factory, tax included), while the average Indonesian NPI FOB index price rose 1.55 $/nickel unit WoW to 140.06 $/nickel unit. The high-grade NPI market this week exhibited a "dip-then-rally" trend. Market sentiment was weak at the beginning of the week, but with the release of Indonesia's new HPM policy and the continued rise in nickel prices, bullish sentiment quickly recovered, and the price center gradually shifted upward.

Apr 24, 2026 18:21