Platinum Group Metals Corporation (PGMC), the Cagdianao Mine of Global Ferronickel Holdings, Inc. (FNI) in Surigao del Norte, has commenced its shipment of nickel ore to customers in China. The first shipment of the 2023 mining season, consisting of 55,300 WMT of low-grade nickel ore with 1.20% nickel content, departed PGMC's anchorage area on April 24, 2023, following the completion of its loading. China remains the largest consumer of nickel, and the easing of COVID-19 restrictions, the robust property sector, and the rise in electric vehicle production are expected to boost demand further.

As such, FNI is optimistic about the prospects of the nickel market and is confident in its ability to meet the needs of its customers. The projected sales mix will consist of 60% medium-grade nickel ore and 40% low-grade nickel ore.