Industry Updates

Nickel: Jumping the gun – ANZ

(25 October 2017)  “In the 28th MICC meeting held on 24 October 2017, wherein a quorum was… present… majority of… MICC members voted to recommend a change in the policy of the DENR with regard to Department Administrative Order (DAO) 2017-10, particularly: that the DENR lift the ban on open-pit mining provided that mining laws […]

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End open-pit mining ban — MICC

(25 October 2017)  “In the 28th MICC meeting held on 24 October 2017, wherein a quorum was… present… majority of… MICC members voted to recommend a change in the policy of the DENR with regard to Department Administrative Order (DAO) 2017-10, particularly: that the DENR lift the ban on open-pit mining provided that mining laws […]

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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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Vale cuts FY Nickel production forecast

(26 July 2017) Vale’s nickel production declined in the second quarter of the year, by 7.7% compared to the previous quarter and by 16.1% from the second quarter of 2016. At the same time, production at other operations such as its Thompson complex in Canada, in New Caledonia and in Indonesia undershot expectations and as […]

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More long-term potential from batteries

(19 July 2017) France announced that it would ban sales of all petrol and diesel cars by 2040. Dutch bank ING stated it expected electric vehicles to have a lower cost of ownership than petrol or diesel models by 2024, leading it to predict vehicles in Europe to be fully battery electric by 2035. Under […]

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Cimatu Expedites ECC Issuance, Delegates Issuing Authority to EMB Execs

(06 July 2017) Environment Secretary Roy A. Cimatu has moved to fast-track the issuance of environmental compliance certificates (ECCs) by giving the authority to issue such permits back to the director and regional directors of the Environmental Management Bureau (EMB), a line bureau of the Department of Environment and Natural Resources (DENR). Read More>>

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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