07
Aug
10:07
Nickel Asia’s net income 55% down on lower nickel prices
Philippine mining firm Nickel Asia saw its net income in the first half of 2023 to decline 55% year-on-year due to lower nickel prices, Kallanish learns.
The firm says in a statement that it recorded a net income of PHP 1.7 billion ($30.32 million) in the first half, down from PHP 3.8 billion a year ago. It attributes the drop in profit to lower nickel ore prices due to the growth in Indonesian nickel production and the slowdown in the Chinese economy.
The firm r…
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Anonymous
Very good overview of the weekly steel market.
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