Philippine Trade and Investment Center Jakarta (PTIC Jakarta) Commercial Attaché and Economic Official Jeremiah C. Reyes presented the investment opportunities in Philippine during the Indonesia Nickel and Cobalt and EV Conference 2024 in Jakarta. 

The Department of Trade and Industry (DTI) pushes forward with its ongoing efforts to boost the Philippine trade and investment landscape in mining and green metals processing through its Green Metals Initiative. 

The DTI’s trade and promotion arm in Indonesia, the Philippine Trade and Investment Center in Jakarta (PTIC-Jakarta) vouched for investment and industry development opportunities on critical minerals processing in the Philippines during its participation in the Indonesia Nickel and Cobalt and EV Conference held last 11 to 13 June 2024 at the Mulia Senayan Hotel in Jakarta. 

Led by Commercial Attaché and Economic Official Jeremiah C. Reyes, PTIC Jakarta met with industry representatives who have expressed interest in looking for mining and processing opportunities in Philippines.  

As part of DTI’s strategic approach to positioning the country to become a regional hub for sustainable and innovative manufacturing services, Reyes emphasized that the Philippines is utilizing its reserves of green metals resources to establish the country as a significant player in transitioning towards a clean economy.  

PTIC Jakarta Commercial Attaché and Economic Official Jeremiah C. Reyes together with Eramet at the Indonesia Nickel and Cobalt and EV Conference 2024. 

In a report by the United States Geological Survey (USGS), the Philippines is second-largest producer of mined nickel in 2023 in the world, with an estimated production of 400,000 metric tons. With 26 producing nickel mines, the country is currently the top exporter of nickel direct shipping ore in the world mostly exported to China. The Philippine nickel industry remains a key player in the global market, supplying raw materials for the manufacturing of stainless steel, batteries, and other industrial applications. 

Apart from nickel there are also other critical mineral sources abundant in the Philippines such as cobalt, which is typically produced alongside nickel in the form of mixed-nickel cobalt sulfide, copper, chromite, gold, and iron among others. ♦

Date of Release: 02 July 2024

Related posts:

DTI highlights the investment opportunities in the Philippines in Hong Kong’s BIP Asia 2023 PH delegation’s collaborative efforts: Advancing WTO agenda for trade and sustainable development Philippines and Hong Kong boost trade promotion and business opportunities through MOU DTI announces second shipment of Philippine mangoes to Australia, bolstering trade relations DTI leads Philippines-Australia green energy venture with innovative Waste-to-Energy Project