[Ferro-Alloys.com] Listed Nickel Asia Corp. reported a 579 percent jump in its net income in the first half, driven by higher ore sales prices and volume.

In a disclosure to the Philippine Stock Exchange, Nickel Asia said its net earnings reached P2.73 billion, higher than the P401.4 million registered in the first semester of 2020.

Nickel Asia sold a total of 8.3 million wet metric tons (WMT) during the period at a weighted average realized price of 25.47 per WMT.

This is higher compared to the 7.3 million WMT at $16.02 per WMT sold in the same period last year.

The company exported 4.56 million WMT of saprolite and limonite ore at an average price of $37.50 per WMT, higher than the 3.28 million WMT at $26.03 per WMT exported in the same period last year.

• [Editor:tianyawei]