milestone production

Ramu-Nico records milestone production

At the end of February, Ramu Nico recorded 7578.10 tons of Cobalt-Nickel Hydroxide (dry basis), equating to 3008.77 tons of metallic nickel.

The milestone is attributed to historical nickel recovery rate this year from 88.175 per cent in January to 89.09 per cent in February, signifying a technical bottleneck improvement with guaranteed production stabilization in the future.

This came at a time when world nickel prices stood at US$10,920 per ton and cobalt price at US$$51,000 per ton, according to London Metal Exchange.