NextGen Day

Global Ferronickel Holdings, Inc. (FNI), a publicly traded company, is optimistic about the future of the nickel sector and plans to grow its operations to capitalize on the increased demand for nickel.

“Undoubtedly, the nickel industry’s prognosis remains promising. At the company’s annual shareholders meeting on Thursday, FNI president Dante Bravo stated, “On the demand side, we see huge prospects from various trends that will impact the world.

According to Bravo, the urbanization of megacities and the energy shift will be the main drivers of the industry’s growth.

“As you know, more people now live in cities than in rural areas, and this is set to continue. And while income and population growth have long been the key determinants of commodity demand, including nickel, evidence shows that urbanization can be very important for commodity consumption over the next 30 years, especially in emerging markets and developing economies,” he said.

According to Bravo, stainless steel consumption will increase as China’s economy continues to open up and as part of its infrastructure investment plan.

According to Bravo, nickel was previously named by the World Bank as one of the essential minerals in the transition to renewable energy.

Because it is utilized in numerous technologies and is not reliant on a particular application, but nickel is important because it is termed cross-cutting.

Due to its numerous uses in key infrastructure and renewable energy technologies, such as electric vehicles, solar panels, power grid systems, wind turbines, and future technologies like hydrogen-based energy, nickel demand is expected to increase over the medium to long term.

According to Bravo, the leading nickel-producing nations will still be the Philippines and Indonesia.

FNI intends to increase its nickel resource by funding exploration and development initiatives to take advantage of these chances and guarantee a steady supply for ongoing operations.

The business also intends to engage in value-added processing, which will involve the construction of steel and nickel plants as well as ferronickel, nickel matte, and battery-grade nickel processing facilities.

According to Bravo, “the company’s commitment to capitalizing on emerging opportunities in the electric vehicle and infrastructure sectors” is demonstrated by the opening of a battery-grade nickel plant and a steel mill.

In addition, FNI is attempting to enter the cement industry and grow its logistics operation in Mariveles, Bataan.

“This includes manufacturing clinker, limestone, and other essential components for the cement industry. This enables the business to access the infrastructure and construction sectors, which have enormous growth potential, Bravo continued.

PGMC International Limited, Surigao Integrated Resources Corporation, PGMC-CNEP Shipping Services Corp., and Platinum Group Metals Corporation (PGMC) are some of the subsidiaries of FNI.

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