MANILA - Numerous countries including the United States and China have expressed interest in collaborating with the Philippines for mining opportunities particularly in nickel, its environment minister said on Friday.
Maria Antonia Yulo-Loyzaga in a speech said the Philippines should enhance its nickel processing capacity, a key component for the production of batteries in electric vehicles. She said Australia, Britain, Canada and European Union countries had shown interest in the Philippines.
The Philippines is looking to follow in the footsteps of neighbour Indonesia, which has attracted major investment into processing plants for its huge nickel ore deposits, after it banned unprocessed exports in 2020. It is trying to draw big EV makers to the country. The Philippines' two nickel processing plants are partly owned by its biggest ore producer, Nickel Asia Corp.
Latest government data shows the Philippines produced 35.14 million dry metric tons of nickel ore last year, up 19% year-on-year.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action.
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