The Philippine Nickel Industry Association (PNIA) recently signed a memorandum of understanding (MOU) with China Industrial Association of Power Sources (CIAPS) to link member companies for joint ventures and investments in the nickel and battery industry.
According to a PhilStar report, the MOU shall provide a platform for collaboration on the development of a nickel industry roadmap that would highlight opportunities for the power battery sector in the future.
PNIA Chairman Emeritus Clarence Pimentel viewed this collaboration as a great opportunity for the nickel industry in the country.
“Aside from the country’s wealth of natural nickel reserves, champions of nickel mining are encouraged by developments that are vital in driving business and investment growth around the world,” Pimentel was quoted as saying in the report.
Among the objectives of the MOU include information sharing in policies, trading, and investments for nickel ore that will impact the production of batteries for electric vehicles.
CIAPS has more than 360 members involved in the development, manufacture, sales, and marketing of batteries and battery-related materials. Meanwhile, PNIA is composed of the Global Ferronickel Holdings Inc., CTP Construction and Mining Corp., Citinickel Mines and Development Corp., Carascal Nickel Corp., DMCI Mining Corp., Marcventures Mining and Development Corp., and Agata Mining Ventures Inc.