Value of mineral output falls, tracking nickel price decline
December 5th, 2008
Filed under: General News, Mineral - Nickel
MANILA, Philippines - The peso value of minerals produced for the first nine months this year plummeted as nickel prices fell, a report from the Philippines’ Mining and Geosciences Bureau indicated.
Mineral costs during the period fell to P50.95 billion from P64.91 billion during the same period a year ago, tracking the decline of nickel, a commodity used for magnets and coins.
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