[SMM Nickel Flash News] 7.9-Magnitude Earthquake Strikes Philippines with Limited Impact on Key Nickel Mining Districts

Published: Jun 8, 2026 10:37

Save

A 7.9-magnitude earthquake struck off the southern coast of the Philippines’ Mindanao island on Monday morning (June 8th), triggering regional tsunami warnings but causing only limited, localized disruptions to nickel operations. SMM’s communication with local miners indicates that while one operator within the directly affected southern zone has temporarily suspended cargo loading bound for Indonesia due to the tsunami warning, the major producing hubs in the Surigao and others report no current impact, with production and shipping maintaining normal operations.

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 for 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

5 hours ago

High-Nickel Products Decline, Market Shows Divergence Amid Weak Purchasing Sentiment

[SMM Nickel Flash] July 2 news: High-nickel products saw more significant declines, but market quotations showed increased divergence, with some suppliers still holding firm on prices and their sentiment of holding prices firm remaining strong. The purchasing side exhibited a strong wait-and-see sentiment, with weak purchase willingness and steel mills' expectations to push for lower prices continuing to intensify. Overall trading was sluggish, with only sporadic small orders circulating, and the market lacked centralized transaction guidance.

5 hours ago

SMM High-Grade NPI Sentiment Index Drops, Market Faces Downward Pressure

[SMM Nickel Flash] On July 2, the SMM high-grade NPI market sentiment index stood at 2.01, down 0.02 MoM; the high-grade NPI upstream sentiment index came in at 2.29, down 0.03 MoM; and the high-grade NPI downstream sentiment index was 1.72, down 0.02 MoM. Currently, market expectations for a downturn are clear, and the overall market is under pressure, with suppliers' offers beginning to soften.

5 hours ago

7 hours ago

Data: SHFE, DCE market movement (Jul 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Jul , 2026

7 hours ago