DAVOS – Glencore, one of the largest and most diversified natural resource companies in the world, is expanding into mineral processing in the Philippines.
This was announced by Communications Secretary Cheloy Velicaria-Garafil on Wednesday.
“They see the Philippines as a potential partner to process nickel and copper resources responsibly and sustainably for use in electric vehicle batteries and energy storage units, among others,” Garafil said.
On the sidelines of World Economic Forum (WEF) sessions on Tuesday, President Ferdinand Marcos Jr. and Trade Secretary Alfredo Pascual met with Gary Nagle, CEO of Glencore, to discuss the Swiss mining firm’s expansion prospects.
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