Philippines: Regime courts investors for “China-free” nickel supply chain

Source: Financial Times [UK]

“The Philippines is scouting for western investment to further develop its nickel reserves, pitching itself as an alternative to the China-dominated supply chain for the critical battery metal. The country, which is the world’s second-largest producer of nickel, is seeking a critical minerals agreement with the US and investment from foreign companies to build more refining plants, as it taps into rising concerns over China’s control of the electric vehicle ecosystem. ‘There is room now for the Philippines to be a significant player for batteries,’ Ceferino S Rodolfo, under-secretary of the Department of Trade and Industry, told the Financial Times in an interview.” (06/30/24)