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Nickel Asia extracts P2.1B profit
The Philippine Star
|August 07, 2025
Listed miner Nickel Asia Corp. posted strong earnings in the first half, driven by higher ore export prices that offset lower production.
The earnings of the country's leading nickel ore producer surged by 88 percent to P2.1 billion in the first semester from P1.12 billion in the same period last year.
Ore sales jumped by 36 percent to P10.59 billion from P7.79 billion, with weighted average prices going up by 44 percent to $23.87 per wet metric ton from $16.6 per WMT.
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