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Market Brief

Philippines Delays Nickel Ore Shipping, an Industrial Info Market Brief

The Philippines has suspended the nickel mining permit of Marcventures Mining & Development Corporation, delaying its direct shipping ore operation from the Cantilan nickel mine. In an effort to avoid the spread pf COVID-19, the government is currently proposing to suspend mining activities in the provinces, which will delay majority of direct shipping ore operations for nickel in the country. Foreign and domestic ferro-nickel plants are expected to run short in supply in the coming months if nickel ore shipments, already at an all-year low, are delayed until the end of April. Industrial Info is tracking the effects of the COVID-19 pandemic in all 22 active nickel mines in the Philippines.

Released Tuesday, March 31, 2020

Philippines Delays Nickel Ore Shipping, an Industrial Info Market Brief
The Philippines has suspended the nickel mining permit of Marcventures Mining & Development Corporation, delaying its direct shipping ore operation from the Cantilan nickel mine. In an effort to avoid the spread pf COVID-19, the government is currently proposing to suspend mining activities in the provinces, which will delay majority of direct shipping ore operations for nickel in the country. Foreign and domestic ferro-nickel plants are expected to run short in supply in the coming months if nickel ore shipments, already at an all-year low, are delayed until the end of April. Industrial Info is tracking the effects of the COVID-19 pandemic in all 22 active nickel mines in the Philippines.
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