US firm teams up with local miner to set up nickel processing facility

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A US company teamed up with a local mining firm to set up a nickel processing facility in the Philippines, according to Department of Trade and Industry officials who are part of the Philippine trade mission to the US.

according to Department of Trade and Industry officials who are part of the Philippine trade mission to the US.

“We can only provide the enabling environment so that they can do it. If we can provide incentives to allow the proposals or projects [to] move in a certain direction, we will do so,” he said.Pascual said nickel processing is a good economic mover that could create 10 to 20 times in added value compared to nickel ore exports. He said the Philippines is pushing for a critical minerals agreement with the US.

Pascual said while discussions on the economy, trade and investments took center stage during the US visit of President Ferdinand Marcos. Jr., negotiations also touched on the CMA and minerals processing.

Source: News Formal (newsformal.com)

 

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