SMM

On November 1, the national port inventory of nickel ore decreased slightly by 100,000 wmt to 10.482 million wmt compared to October 25. The total metal content is 82,280 mt. In the Philippines, due to the recent two consecutive typhoons, shipments from major mining areas have almost come to a halt. Some mines in the Surigao region have stopped dispatching new vessels. It is expected that some of the shipments scheduled for October will be delayed to November, and the overall exportable nickel ore volume in November will decline significantly.