The Philippine Nickel Industry Association has offered to help draft an industry blueprint in collaboration with the government to make the country’s nickel sector globally competitive and attractive to investors.
While confident of the support expressed by the Marcos administration, Bravo underscored the importance of having a nickel industry roadmap as the government pushes to develop the country’s mining industry toward extraction and processing of renewable energy transition metals like nickel, the demand for which becomes even bigger with the increasing demand for electric vehicle batteries.
“We first announced our intent to draft an industry blueprint in 2019 during our first Nickel Initiative Business Conference but we may need to restart what we initiated because conditions are much different now after the pandemic. The nickel sector is still vulnerable to global and local uncertainties, but we are hopeful that we will make significant progress this time because the government is actively championing the development and promotion of the mining industry,” said Co.
Co said that the nickel industry blueprint may require consultation and inputs from many stakeholders and other industries, as it should ideally cover the entire value chain of nickel minerals development, from mineral extraction to nickel processing, to downstream application in finished products. “As in any industry development effort, the goal is to promote inclusive and sustainable economic development by mitigating environment footprint, generating economic opportunities, improving quality of life, and promoting self-reliant communities. Environment protection, social development, and sustainability are at the core of the Philippines’s policy framework on mining. Sustainability will be a key pillar in the nickel industry blueprint,” said Co.
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