Nickel Asia reports value drop in shipments

Despite higher volume of shipments, the country’s biggest nickel producer on Thursday reported an 18-percent drop in the value of nickel ore shipments in the first nine months of the year because of lower metal prices in the world market.

In a disclosure to the Philippine Stock Exchange, Nickel Asia Corp. (NAC) said that its four operating mines sold an aggregate 10.32 million wet metric tons (WMT) of nickel ore as of September 2013, or 9 percent higher compared to 9.56 million WMT a year ago.