What's Happening?
DMCI Mining Corporation has reported a significant increase in its nickel ore production, rising by 33% to reach 2 million wet metric tons (WMT) in 2025. This growth is attributed to enhanced output from its Zambales mines and the initial operations at the Long Point project in Palawan. The company's ore shipments also saw a 31% increase, reaching 1.9 million WMT, marking the second-highest shipment level in its history. The company attributes these gains to improving market conditions and operational efficiencies. The average benchmark price for 1.5% grade laterite nickel ore rose by 26% to $45.70 per WMT in 2025. DMCI Mining President Tulsi Das C. Reyes expressed optimism about the company's growth prospects, citing record production and strong
prices.
Why It's Important?
The increase in nickel production by DMCI Mining is significant for the global nickel market, particularly as demand for nickel, a key component in electric vehicle batteries, continues to rise. The company's expansion efforts, including the Long Point project, are poised to strengthen its position in the international market, potentially leading to increased exports and economic benefits for the Philippines. The successful rehabilitation of the Quezon mine also highlights the company's commitment to sustainable mining practices, which could enhance its reputation and attract further investment. The economic contributions from these operations, including job creation and revenue generation, are vital for local communities and the broader economy.
What's Next?
DMCI Mining is awaiting permits to commence full operations at the Long Point mine in Palawan, with expectations to start mining within two to four weeks. The company anticipates a historic year in 2026, with plans to ship out 3 million tons of nickel ore, contingent on favorable market conditions and operational success. The ongoing rehabilitation of the Quezon mine is on track for completion by 2027, after which the restored area will be handed over to the government. These developments suggest a continued focus on expansion and sustainability, which could influence future market dynamics and regulatory policies.
