{"id":331285,"date":"2025-01-27T23:44:41","date_gmt":"2025-01-27T15:44:41","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331285"},"modified":"2025-01-27T23:44:43","modified_gmt":"2025-01-27T15:44:43","slug":"trade-the-news-dmc-mining-expects-record-nickel-shipment-this-year","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-dmc-mining-expects-record-nickel-shipment-this-year\/","title":{"rendered":"Trade the News: DMC mining expects record nickel shipment this year"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>DMCI Holdings Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>DMC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 12.46<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

DMCI Mining Corp., the nickel mining arm of Consunji-led DMCI Holdings Inc. (DMC), is bullish that it would ship a record volume of three million wet metric tons (WMT) this year following the operations of its two new mine sites this year.<\/p>\n\n\n\n

DMCI Mining president Tulsi Das Reyes said they anticipate a \u201chistorical\u201d year for the business with the opening of its two new mine sites.<\/p>\n\n\n\n

\u201cWe had a poor performance last year because Zambales was shipping out the only grade that we had available. We have been working on our expansion and so, whatever was produced we had to sell so we could not play with the market. We were totally inflexible,\u201d Reyes said.<\/p>\n\n\n\n

\u201cIt is only when we opened up some areas and we opened up (new mines)that we got flexibility. That is why we are calling this year a recovery year,\u201d Reyes added.<\/p>\n\n\n\n

DMCI Mining started the operations of Zambales Chromite Mining Co. (ZCMC) last month which has a production capacity of one million WMT. The ZCMC is expected to have full operational capacity within the first quarter.<\/p>\n\n\n\n

Furthermore, the company is anticipating the operations of Berong Nickel Corp.\u2019s Long Point Mine in Palawan soon as it is already in the final stages of securing a mineral production sharing agreement (MPSA) from the government.<\/p>\n\n\n\n

\u201cWith increased production capacity and the Long Point port nearing completion, we are confident in delivering improved operational and financial performance this year,\u201d Reyes said.<\/p>\n\n\n\n

In the third quarter of last year, DMCI Mining contributed P48 million in the consolidated net income of DMCI Holdings Inc., a turnaround from the P154 million loss incurred in the same period of 2023.<\/p>\n\n\n\n

Reyes noted that other factors that would contribute to the DMCI Mining\u2019s shipment target this year would be the reported cut in Indonesia nickel output, which would significantly influence global market prices of the metal.<\/p>\n\n\n\n

Reports have indicated that Indonesia, which accounts for at least half of global nickel supply, is poised to further slash its nickel production and export this year to hike prices in the world market.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331285","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331285"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331285\/revisions"}],"predecessor-version":[{"id":331287,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331285\/revisions\/331287"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}