Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Philippines-based nickel miner Nickel Asia Corporation sold 2.82mn mt of nickel ore in Q1 2021 compared to 2.78mn mt in Q1 2020. 


The company shipped out 845,000mt of saprolite and limonite nickel ores in Q1 2021 compared to 702,000mt in the same quarter in 2020. However, it delivered 1.98mn mt of limonite ore to Coral Bay and Taganito HPAL plants in Q1 2021 compared to 2.08mn mt in Q1 2020. 


Nickel Asia’s revenue in Q1 2021 was P2.9mn ($73,113) compared to P1.9mn in Q1 2020. Its net income this quarter was P969,233 compared to a drop of P89,341 during the same quarter last year. 


($1 = P39.68)

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