Nickel Asia shipment falls on weak global demand

THE country’s biggest nickel miner on Tuesday said revenue from its total ore shipment dropped by almost half in the first nine months of the year due to weak demand in China and a lackluster global economy.

In a disclosure to the Philippine Stock Exchange, Nickel Asia Corp. said the estimated value of shipments in January-September 2015 reached P12.3 billion, down 40 percent from P20.5 billion reported a year earlier. Higher shipment volumes failed to offset weak metals prices, the miner noted.