Connect with us

Hi, what are you looking for?


Two potential investors evaluating $10 billion in nickel processing projects


THE Department of Trade and Industry said it hopes to land $10 billion worth of investment in nickel processing operations from two interested parties.

 Trade Undersecretary Ceferino S. Rodolfo told reporters in chance remarks in Taguig City on Wednesday that two companies have expressed interest in operating nickel processing businesses, one of which is Chinese.

Domestic nickel processing will allow the Philippines to capture more value than the current arrangement of exporting ore. Domestic processing could also support Philippine ambitions to join the global supply chain for electric vehicles.

According to Mr. Rodolfo, the two companies are investing about $5 billion each in their respective nickel processing operations.

He said the Chinese investor is seeking partners and has opened a representative office in the Philippines, while the non-Chinese investor is currently conducting preliminary studies.

Mr. Rodolfo said the Chinese investor could register its project with the Board of Investments as early as this year if it is able to sign a memorandum of understanding with its local partners.   

Mr. Rodolfo added that the government is currently studying imposing a tax of up to 10% on nickel ore exports.

“When we implement a policy, we will have to make sure that it will have a commercial impact meaning that it will bring in the investments. We need to make sure that whatever policy that we issue will really have the desired outcome, which is to have nickel processing (businesses) that will increase the value-added of our nickel ores,” Mr. Rodolfo said.  

Nickel is used in the production of lithium-ion batteries for electric vehicles.

In 2022, nickel accounted for 49.4% or P117.58 billion of the Philippines’ P238.05 billion in metallic mineral production, according to the Mines and Geosciences Bureau. — 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!



CLIFFORD LABOG — SCREENGRAB FROM NUEVA VIZCAYA CHESSERS YOUTUBE ACCOUNT CAGAYAN Valley pride Jan Clifford Labog shocked heavy favorite International Master Michael Concio, Jr....


PHOENIXFUELS.PH Games Today(Ynares Sports Arena)5 p.m. — Blackwater vs Terrafirma7:30 p.m. — Converge vs Magnolia SHORT in numbers but not in heart, hardworking Phoenix...


F2 LOGISTICS got its own share of fresh talented recruits from the collegiate ranks as it plucked Jolina dela Cruz, Mars Alba and Jovelyn...


THE BOSTON Celtics are in position to make NBA history when they host the Miami Heat in Game 7 of the Eastern Conference finals...


From left: UPMG President Barbie Atienza (Manila Bulletin), VP Jay Sarmiento (The Philippine Star), PRO/Event Head Director Jong Arcano (Philippine Daily Inquirer), Ricardo Javier...


In today’s business landscape, organizations widely recognize the crucial role of technology in HR, enabling data-driven decision-making, enhancing employee experiences, and fostering strategic HR...

You May Also Like


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...


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...


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...

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.