SMM

As of December 27, nationwide port nickel ore inventory decreased by 300,000 wmt from December 20 to 8.986 million wmt, equivalent to a total metal content of 70,560 mt. In the Philippines, local mines began suspending operations for holidays in mid-December, coupled with the rainy season in the southern Philippines. It is expected that subsequent port arrivals of Philippine nickel ore will see limited growth, and port inventory will continue to decline.