Nickel firms face bright prospects

/ 04:06 AM December 09, 2019

The Philippine nickel mining industry is optimistic about prospects in 2020 as policies overseas are seen to benefit the local sector.
In a press briefing, top officials of the Philippine Nickel

Industry Association said the Indonesian government’s decision to ban the export of nickel ore next year would make the Philippines the world’s leading producer and push prices up following the expected shortfall.


This comes at a time when the Chinese government is also pushing for the use of electric vehicles as it moves to a more sustainable economy. Manufacturing e-cars need batteries, where nickel is a key component.The Asian economic powerhouse is the world’s biggest consumer of nickel, accounting for more than half of the entire global consumption.

The Philippines exports 90 percent of its nickel ores to China. INQ


Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, nickel
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.