Philippine nickel miner Global NiFe Holdings Ltd. said Thursday (January 17) that it plans to ship 5.7 million wet tonnes of nickel ore to China this year, the same as in 2018. Demand is expected to slow down as China’s economic downward pressure increases.
The Philippines is the world’s second largest supplier of nickel ore, after Indonesia. Dante Bravo, president of Global Ferronickel, said that despite the slowdown in China’s growth momentum, his company still expected to make profits this year.
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