Nickel Asia H1 ore shipments jump 40%

Nickel ore shipments by the country’s major nickel producer Nickel Asia Corp. (NAC) rose 40 percent in the first half of 2014 from a year earlier, with increased local production and tight global supply due to Indonesia’s ore export ban helping push the Philippines’ export prices higher.

In a disclosure to the Philippine Stock Exchange, NAC said ore shipments from the company’s four operating mines increased to 7.73 million wet metric tons (WMT) in January to June from 5.54 million WMT in the first half of 2013.