Nov. 30, 2017: Metal production up 6% from Jan-Sept

Nov. 30, 2017: Metal production up 6% from Jan-Sept
 

MANILA, Philippines — Metal production rose six percent to P81 billion in first nine months of the year due to the continued improvement of prices in the world market, the Mines and Geosciences Bureau (MGB) said.

The aggregate value of metal production for January to September this year was higher than the P77 billion recorded in the same period last year.

“The encouraging price gain of base metals was primarily due to the increased metal demand of China. World metal analysts reported that the strong demand of China for said metals were for its infrastructure, automotive, and construction sectors,” MGB said.

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