The recent bullish
outlook of local and offshore investors to the Philippine nickel industries is
at stake. It was published early this
year in various financial market news of the prohibition of the Indonesian government
to sell nickel ores outside from their country. Accordingly this will take
effect April, 2012. This rumor will produce bad impact to the Indonesian nickel
industries. Their sales will be affected and investors will have to withdraw
their investment capital from these companies.
On the other hand,
the Philippine nickel miners will benefit most of the said scenario. Big corporations
from china who used to buy nickel ores from their Indonesian suppliers will
secure other sources. These Chinese buyers are now eyeing to get supplies from
the Philippines. One reason is its approximate distance from their country.
It was observed in
the Philippine stock market exchange trading sessions starting last January until
recently that there was substantial growth of stock prices of the publicly
listed local nickel industries.
The following companies
are good ones:
Nickel Asia (NIKL)
Ni Hao Mineral Resources
(NI)
Marcventures
Holdings (MARC)
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