Manila, Oct. 21 -- Philippine miners are expecting to export the same volume of nickel this year but will still gain more in terms of value as nickel prices have significantly increased, Marcventures Holdings, Inc. (MHI) president Isidro Alcantara Jr. said Wednesday.
In a virtual press conference of the Philippine Nickel Industry Association (PNIA), Alcantara said the coronavirus disease 2019 (Covid-19) pandemic has impact on mining activities with output expected to be lower or at the same level as last year.
"The same volume is probably possible this year, 42 million to 45 million metric tons," he said.
Alcantara said this trend will continue until 2021.
"If prices will continue, (a) lot of mines will increase production," he added.
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