Something from CBA this morning.
Filipino nickel ore mining at risk of falling
Column 1 Column 2 0 ■ Filipino nickel ore mining may be at risk of falling, which has big implications for China, which relies on the Philippines for over 95% of its nickel ore imports. Rodrigo Duterte, President‑elect of the Philippines, has appointed an anti‑mining head to the country’s environment department. The new appointee Regina Lopez has openly said she doesn’t like the mining industry because it harms the environment and hurts poor people. Small mines are in danger of closing as the President‑elect looks to review all mining claims. Nickel in particular looks at risk after Duterte mentioned the nickel‑mining region of Surigao in a forum this week. Such a large import dependence heightens shortage risks for China’s nickel pig iron sector, which relies on nickel ore as an input. Duterte takes office on June 30.
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