Philipines' Ni ore miners hold off their shipment waiting for better price. They know it will as NPI is in red at the moment, not good time to sell their ores. We expect the stockpile to continue to decline, looking for a larger number on Monday. On another news, Glencore confirms Chinese increases its Ni import.
Newssummary: Philippines’ Agata Reduces Nickel Ore Exports in May
May 07, 2015 09:42 GMT Source:SMM
Tags: Indonesia nickel ore export ban, China nickel ore inventories, Chinese news summary
SHANGHAI, May 7 (SMM) - Agata Mining Ventures Inc (AMVI) announced to cancel three of four shipments of ore, scheduled to be exported in May, due to sluggish prices and poor demand, local media reported.
The nickel miner Agata in Surigao in southern Philippines, partly owned by Canada's TVI Pacific Inc, did not disclose the total volume for the three cancelled shipments, though.
Earlier this year it said ore shipments from the mine would likely be more than 2.5 million wet metric tonnes in 2015.
Philipines' Ni ore miners hold off their shipment waiting for...
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