A group of offshore miners on Monday expressed high hopes and lauded the statement of President Ferdinand R. Marcos Jr. about his plan to discuss, among other issues, the prospects of critical minerals with US President Joseph Biden during his five-day working visit to the United States.
The President, during his departure speech in Pasay City, was quoted as saying, “My visit to the United States more especially my meeting with President Joe Biden is essential to advancing our national interest…during this visit…I intend to convey to President Biden and his senior Cabinet officials …that the President is determined to forge an even stronger relationship with the United States….
Aragon underscored the demand for rare minerals if we all intend to stop using dirty fuels soon in order to defeat climate change. “Take the case of palladium. This critical mineral found abundant in the Philippine seas is being used worldwide in pollution control devices [as catalytic converters] of all petroleum-based motor vehicles in the planet. A kilogram of high-grade Palladium would cost more than P2. 5 million in the world market today.
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