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Lopez removal expected to loosen the reins for Filipino nickel miners

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Report summary

On May 3 the Philippines Committee of Appointments (CA) confirmed that the Department of Environment and Natural Resources (DENR) Environmental Secretary Regina Lopez would not be confirmed in her role citing that she was unfit for the position. The CA s plenary session which was led by Senator Manny Pacquino voted 16 to 8 against Lopez being confirmed thereby achieving the minimum requirement of 13 votes necessary for an outcome. News of the vote saw LME nickel (3 month) prices fall by 2.7% to US$9 260/t signalling more bearish sentiment for the market.

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    Lopez removal expected to loosen the reins for Filipino nickel miners

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