Philippines to woo investors in nickel ore processing
Yulo-Loyzaga signaled that a ban on unprocessed exports is unlikely.
Yulo-Loyzaga signaled that a ban on unprocessed exports is unlikely.
Marex reported record results for 2022 earlier this month.
There have been calls for reform to LME's nickel contract.
Top Philippine miner also to assess viability of another HPAL plant.
The Araguaia nickel mine in northern Brazil is on-schedule for production in Q1 2024, with over 50% of the construction finished.
The miner, owned by Australian billionaire Andrew Forrest, has locked in a 51.24% interest in its takeover target.
The LME has appointed John Williamson, currently a non-executive director, as interim chairman from the end of April.
The Philippines has 34 operating nickel mines and ships most of its raw nickel ore to China and some to Japan.
A year on from the nickel crisis the London Metal Exchange is still struggling to regain trading momentum.
US-based Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million, respectively, after price soared to a record above $100,000 on March 8, 2022.