CHRISTIAN TEO & Partners 2017

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744

595
594 207
3 550 595
4 517 104
94
95 30 103
436
98 98
341 89
247 87
498
451 434
95 347 388 392
254
152

2010 2011 2012 2013 2014 2015 2016 2017

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400-series
000t of Nickel (US$/t)
300-series
stainless
200-series 120-day moving average

USD/t Ni

2,400 12,000
2,200
11,500
2,000
Philippine
11,000
1,800 mine audit
1,600 10,500
1,400 Indonesia
10,000
1,200
revises ore
export policy 9,500
1,000
800 Indonesia 9,000
600 Philippine begins
mine audits 8,500
400 granting ore
completed export 8,000
200 licenses
0 7,500
Jan 16

Feb 16

Apr 16

May 16

Jun 16

Jul 16

Aug 16

Dec 16
Sep 16

Oct 16

Nov 16

Jan 17

Feb 17

May 17

Jun 17
Mar 16

Mar 17

Apr 17

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42.0 41.2

2.7 2.3
1.1 6.1

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 100
90
80
70
60
50
40
30
20
10
0
2012 2013 2014 2015 2016

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 Thank You

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