AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home News

Pascual: No intention to ban nickel ore exports

AngMinero News by AngMinero News
May 8, 2023
in News
28 0
0
DTI: US to extend grant for PH nickel ore processing
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

While the Philippines aim to promote nickel ore processing in the country, it does not plan to ban the export of nickel ores, Department of Trade and Industry (DTI) Secretary Alfredo Pascual stated in a virtual briefing.

The DTI is advocating for the nickel processing sector in the Philippines because the country provides a significant amount of raw nickel ore, which is essential in the production of electric vehicle batteries.

In a Philippine Star report, Pascual said that the global trend is towards electric vehicles, and as a result, there is an increasing demand for critical metals, particularly nickel, which is used to manufacture batteries. However, the profit lies in the finished product, not the raw materials.

Pascual cited Indonesia’s 10-20 fold increase in revenue by processing nickel ores domestically before exporting the semi-finished or finished products. He highlighted that the Philippines could add value to its products in the same manner.

Pascual mentioned that they are currently in talks with potential foreign partners from the United States, Japan, and China to acquire the technology required for the advanced processing of nickel ores. He also stated that there is interest from Europe.

Previously, Trade Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo said that a Chinese company and another foreign entity had shown an interest in investing in nickel processing in the Philippines.

According to Rodolfo, these interested companies have the potential to invest as much as $5 billion each.

The Chinese firm is presently searching for partners in the country while the non-Chinese company is considering partnering with local mining companies.

When asked about the timeline for the investments, Rodolfo stated that it could take place before the end of the year.

In April, Pascual urged US Trade Representative Katherine Tai to explore the possibility of partnering with the Philippines, akin to the Critical Minerals Agreement (CMA) between the US and Japan.

Tai emphasized that one of the objectives of the CMA is to create “robust, resilient, and secure” supply chains.

Aside from supplying batteries for electric cars, Pascual expressed the Philippines’ willingness to engage with American companies in other sectors. He and President Marcos recently held a business forum and roundtable discussion with members of the United States ASEAN Business Council and the United States Chamber of Commerce, including executives and officials from both organizations.

Pascual expressed enthusiasm in welcoming several projects in the Philippines, such as business process outsourcing, healthcare, semiconductor, energy (including nuclear power), as well as battery and electric vehicle manufacturing.

Tags: CMACritical Minerals AgreementDepartment of Trade and IndustryDTIelectric vehiclenickel ore processing

Related Posts

Celsius Advances Benguet Copper-Gold Project, Eyes 2027 Output
News

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025
Mining Ownership Transparency Strengthened Under SEC-DOF Agreement
News

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025
Mining Fiscal Regime Overhaul Awaits Marcos’ Signature, Promises Predictability for Investors and Higher Revenues for Government
News

Four Mining Giants Showcase Industry’s Legacy at Baguio Charter Day Exhibit

September 15, 2025
OceanaGold projects increased gold production at Didipio Mine
News

Mine Rehab Costs Drop from PHP 3.5M Hectare to PHP 1.3M Hectare as OceanaGold Adopts New Ecological Approach

September 15, 2025
DENR-MGB Issues Critical Warning on Landslide and Flood Risks Amid Heavy Rains
News

14 New Mineral Lands Under Review by 2026 to Boost Mining Growth

September 12, 2025
Mining Fiscal Regime Overhaul Awaits Marcos’ Signature, Promises Predictability for Investors and Higher Revenues for Government
News

Yamang Minerals Ordered to Halt Abra Operations Over Indigenous Consent Violations

September 12, 2025

FEATURED POST

Celsius Advances Benguet Copper-Gold Project, Eyes 2027 Output

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025
Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025
Mining Fiscal Regime Overhaul Awaits Marcos’ Signature, Promises Predictability for Investors and Higher Revenues for Government

Four Mining Giants Showcase Industry’s Legacy at Baguio Charter Day Exhibit

September 15, 2025
OceanaGold projects increased gold production at Didipio Mine

Mine Rehab Costs Drop from PHP 3.5M Hectare to PHP 1.3M Hectare as OceanaGold Adopts New Ecological Approach

September 15, 2025

EDITOR PICK'S

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025

Four Mining Giants Showcase Industry’s Legacy at Baguio Charter Day Exhibit

September 15, 2025

Mine Rehab Costs Drop from PHP 3.5M Hectare to PHP 1.3M Hectare as OceanaGold Adopts New Ecological Approach

September 15, 2025

14 New Mineral Lands Under Review by 2026 to Boost Mining Growth

September 12, 2025

Yamang Minerals Ordered to Halt Abra Operations Over Indigenous Consent Violations

September 12, 2025

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

September 9, 2025

Recent News

Celsius Advances Benguet Copper-Gold Project, Eyes 2027 Output

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025
Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In