The Philippine Nickel Industry Association (PNIA) is pressing for a bigger role in an international industry group to better anticipate market developments.
“While we remain optimistic as an industry, there are uncertainties and volatilities in the world nickel trade that we must not ignore.We would be in a better position to leverage opportunities and mitigate the effects of headwinds if we engage in these international discussions,” PNIA President Dante R. Bravo was quoted in a BusinessWorld report.
“We need access to the International Nickel Study Group (INSG)’s wealth of knowledge and experience as input to our own road map to make it more responsive to global opportunities and become more effective in promoting inclusive and sustainable economic growth for our country,” PNIA Chairman Isidro C. Alcantara stated in the report.
Established in 1990 to help the nickel industry have a better grasp of the marker, the INSG aims to improve transparency in the global metals market as well as to serve as a talking shop for issues related to the production and consumption of nickel.
PNIA recently attended INSG’s October meeting in Lisbon with observer status.