Steel News

We strive to let you one step ahead of the market.

Philippine’s FNI agrees to supply China’s Baosteel Resources with nickel ore

23 Mar 2023 16:58 reported by Stanley Wang

A A A
Philippine Global Ferronickel Holdings Inc. (FNI) announced that it had signed a purchase agreement for the 2023 mining season to supply China's Baosteel Resources International Co. Ltd. with 1.5 million wet metric tons (WMT) of nickel ore.

The nickel ore will be from Surigao del Norte and Palawan mines, operated by Platinum Group Metals Corp. (PGMC) and Ipilan Nickel Corp. (INC), respectively.

FNI indicated that its two operating mines could fully support increasing demand from China. China eased the Covid-19 restriction, and the real estate industry kept growing strongly, which made the demand for stainless steel grow and further improved the development of the nickel industry.

Back to Steel News

Related News

Iron ore rebounds on Jun 13 as China's steel prices stabilize amid positive macroeconomic factors

  • Raw material
  • 14 Jun 2024 17:16

BHP Group reaches preliminary wage agreement with Chilean Union to avoid strike

  • Raw material
  • 14 Jun 2024 15:28

New Caledonia's nickel industry paralyzes after riot

  • Raw material
  • 14 Jun 2024 15:14

Canada designates high-purity iron as critical mineral

  • Raw material
  • 13 Jun 2024 16:56

EU acknowledges Indonesia's right to ban nickel ore exports

  • Raw material
  • 13 Jun 2024 15:01

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,808.00
  • 2,861.50
  • Aluminum
  • 2,496.00
  • 2,557.00
  • Copper
  • 9,732.00
  • 9,859.00
  • Nickel
  • 17,525.00
  • 17,775.00

Learn more

Coil Exchange Center

  • 2B Coil-Jul
  • 0
  • 0
  • NO1 Coil-Jul
  • 0
  • 0
  • 2B Coil-Jul
  • 0
  • 0
  • NO1 Coil-Jul
  • 0
  • 0

Learn more