THE mining industry is experiencing a new direction in the Philippines—it’s now considered a key sector in reinvigorating the pandemic-hit economy.
The Philippines is rich in mineral resources—nickel, in particular. In fact, it’s the fifth most mineralized country in the world with untapped reserves estimated at $1 trillion. Trading around US$19,500 per ton, nickel is a crucial element used in stainless steel as well as in lithium-ion battery cells for most electric vehicles, making it a critical metal in the Green Energy revolution.