Miners are requesting state support to fulfil any domestic processing objectives.
“In a speech during the congress session on Monday July 25, house speaker Pantaleon Alvarez called for domestic processing of minerals to generate additional income and jobs but made no mention of a ban,” Ronald Rocidero, vp legal and policy of the Chamber of Mines of the Philippines, told Metal Bulletin.
The London Metal Exchange nickel price has shown little reaction to the statement. Tuesday's official three-month LME nickel price settled at $10,340-10,350 per tonne, $110-120 belowits opening level.
Metal Bulletin’s price assessment for nickel ore 1.8% cif China
stood flat week-on-week at $40-42 per tonne.
The assessment for laterite ore 1.5% cif China
was flat at $32-34 per tonne.
Monday’s statement from the house speaker was reminiscent of the run-up to the ban on minerals exports in 2014...