The Philippine mining industry should first have a “clear cut” policy before it can attract investments into nickel processing, according to officials of the Department of Trade and Industry (DTI).
THE Philippine mining industry should first have a “clear cut” policy before it can attract investments into nickel processing, according to officials of the Department of Trade and Industry .
However, Mathay revealed that five years ago, DTI had already identified firms that should be working with them to process metals into batteries. “So, we’re just hoping that some of these people will come in and be brought in after we have a very clear-cut policy that we announce from the relevant authorities. So right now, nobody has expressed any interest,” Mathay noted.
Mathay reported that DTI aims to stop direct sales of ore as it is a “depletable” source. Instead, she said, they only encourage new entrants that will invest in processing ore into high value-added products, which apply to nickel and copper, among others, so the country will move up the value chain.
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