NICKEL Asia Corp. (NAC), the country’s biggest nickel producer, said that the estimated value of its shipments in the first quarter of this year surged 47 percent from the previous year to P2.19 billion on higher ore prices coupled with a weaker exchange rate.
NAC told the Philippine Stock Exchange (PSE) on Tuesday that it sold an aggregate 3.05 million wet metric tons (WMT) of nickel ore from its Taganito and Rio Tuba mines during the first quarter against the 3.49 million WMT in the previous year.
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