14
Mar
03:06
Nickel Asia net income plunges in 2023
The Philippines-based Nickel Asia has reported lower earnings in 2023, dragged down by lower nickel prices, Kallanish notes.
The firm says in a statement that it recorded an attributable net income (net of minority interest) of PHP 3.7 billion ($66.78 million) in 2023, down 53% from PHP 7.9 billion a year earlier.
This is on the back of lower nickel ore prices due to the increase in Indonesian nickel production.
The firm also registered a loss of PHP 1 billion…
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Anonymous
Very good overview of the weekly steel market.
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