The Philippines, a leading global nickel ore producer, exported 7.8 mnt of nickel ore in Jul’25. China remained the largest buyer with 6.14 mnt, while Indonesia accounted for 1.68 mnt. In 2024, total exports reached 44.97 mnt, representing a 10.1% y-o-y increase. In 2024, demand from China weakened, while shipments to Indonesia soared, highlighting a shift in regional trade dynamics.
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