Philippine Jan-Apr nickel ore exports surge 70% to highest since 2021

The Philippines' nickel ore exports surged to a multi-year high during the January-April period, according to Mysteel's tracking of data from the Philippine Statistics Authority (PSA). The surge was related to a severe supply shortage in neighboring Indonesia and the easing of wet season rains allowing mining to pick up, Mysteel Global notes.

During this year's first four months, the Philippines exported a cumulative 17.53 million wet metric tonnes (wmt) of nickel ore, representing a staggering 70% on-year increase and marking the highest level recorded for the same period since at least 2021. China remained the largest destination, absorbing 11.8 million wmt,