Monthly Archives: August 2017

Base Metals Extend Best Rally in Three Years on Growth Optimism

(21 August 2017) Industrial metals extended their longest weekly rally in three years, with nickel pacing gains and zinc reaching the highest in almost a decade as investors grew more optimistic about the outlook for supply and demand. Sumitomo Metal Mining Co., Japan’s top nickel producer, widened its deficit forecast to 51,000 tons this year, […]

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Metallic Production Value Sustains Growth in H1 2017

(17 August 2017) Total metallic production value sustained its growth in H1 2017 with a 4.28% or PhP2.08 billion gain, from PhP48.73 billion in H1 2016 to PhP50.81 billion. In terms of contribution to the total metallic value, gold still ruled over the other metals, accounting for 45.04%, or PhP22.89 billion. Nickel direct shipping ore […]

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Battery sector demand is the most intriguing long-term growth story

(16 August 2017) Russia’s nickel giant Norilsk remains generally positive on the outlook for the metal, based on what it sees as continuing uncertainties around supply and a long-term picture of strengthening demand. In 1H2017, nickel consumption in batteries increased very strongly, mostly driven by a 38% growth of electric and hybrid vehicles production coupled […]

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Elon Musk Inspires World’s Top Miner to Target Electric Vehicle Boom

(9 August 2017) “As we delved in to understand more about the lithium-ion battery market, it became clear that demand from EVs was accelerating,” said Eduard Haegel, asset president of BHP’s Nickel West unit. “As people become more aware of the limitations of supply, then those up and down the supply chain want to make […]

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STOCK QUOTES PSE: FNI (As of Sep 4, 2017) OPEN: 0.00 HIGH: 0.00 LOW: 0.00 CLOSE: 0.00 CHANGE: 0.00 (0.00%) VOLUME: 0