The Philippines-based miner, which was aiming to raise up to $180 million, had been hoping to ride on the global shortage of nickel which has sent prices of the metal to record high levels. However, a slide in other commodity prices, including oil and gold, in recent weeks has made investors hesitant about buying into nickel-linked assets on the basis that it may be the next to fall.
ôThere was a high degree of sensitivity because of where commodity prices are heading at the moment, says a source...
¬ Haymarket Media Limited. All rights reserved.
