Connect with us

Hi, what are you looking for?


Philippines working with Italy on minerals needed by EV industry


THE PHILIPPINES is exploring collaboration with Italy in strategic minerals required by the electric vehicle industry, the Department of Trade and Industry said. 

Trade Secretary Alfredo E. Pascual said in a speech delivered at the Association of Southeast Asian Nations (ASEAN)-Italy economic dialogue on Wednesday that the Philippines can be Italy’s source of “green” metals such as nickel, cobalt, and copper.  

“Our country can be Italy’s strategic partner in supplying critical minerals needed for Italian electric vehicles (EVs) and battery production,” Mr. Pascual said.  

“We have nickel, cobalt, and copper in abundance. The Philippines is also a dominant supplier of nickel ore, not only in Asia but in the world. It accounts for 31% of global exports. But, of course, we now want to have greater value addition locally for our mineral resources,” he added.

Mr. Pascual said Italian EV manufacturers can take advantage of the zero tariffs on imported EVs in the Philippines. The Tariff Commission recommended zero tariffs to encourage greater take up of EVs.

He added that the Philippines is opening up its EV market to develop an ecosystem that can support local production.

“Our Tariff Commission has recommended eliminating tariffs on EVs. Approval of this recommendation will put Italian EV makers on a level playing field alongside our free trade agreement partners,” Mr. Pascual said.  

Mr. Pascual also said that the Philippines can collaborate with Italy on energy technology, specifically “digitally supported grids for dealing with intermittent power. We need such solutions for our small island grids, our off-grid communities, and our priorities on a national scale.”

“In the case of the Philippines, we are on the verge of massive adoption of renewables for energy security. But renewable energy is characterized by an intermittent power supply. Thus, our legacy baseload grid needs to adapt to more intermittent power sources,” he added.  

Mr. Pascual said that Italy and ASEAN can collaborate on manufacturing, and also encourage smart farming and agricultural technology to boost food security.  

“With Agriculture 4.0 also taking root in Southeast Asia, Italy and ASEAN may work together to promote smart farming and agricultural technology that can contribute to onshore food security,” Mr. Pascual said.

“ASEAN and Italy may also consider collaboration in aerospace parts manufacturing; aircraft maintenance, repair, and overhaul; and aerospace research and development,” he added. — Revin Mikhael D. Ochave

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...


Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...


Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...


REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...


Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.