Philippine nickel producer Nickel Asia has reported lower net income for the first nine months of 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 3.6 billion ($64.64 million), down 47% year-on-year from PHP 6.9 billion.
This was dragged by lower nickel ore prices due to the increase in Indonesian nickel production.
Further, Nickel Asia register…
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