20
2023
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02
Japanese companies pay attention to Philippine nickel industry policies to promote downstream processing
Recently, officials from the Philippine Department of Trade and Industry (DTI) pointed out after meeting with several Japanese companies engaged in the nickel industry that the government's policy towards the nickel industry will be the main factor considered by nickel processors and mining companies when deciding whether to invest in the local industry, especially in the processing of nickel ore used for electric vehicle (EV) batteries.
DTI's Special Trade Representative to Japan, Dita Angara Mathay, reported that Sumitomo Metals, one of the Japanese companies that President Marcos met with during his recent visit to Japan, currently has two HPAL nickel processing facilities in the country.
DTI has been seeking investment from Sumitomo and several Japanese companies in downstream nickel processing. So far, no Japanese company has made a commitment. But Angara Mathay stated that these companies are only waiting for the Philippine government's clear mining policy.
What Japanese companies really want is to shift towards higher added value, including lithium-ion batteries, so they hope for clear mining regulations. DTI's wish is to find a way to stop direct sales of ore, with 90% of the country's nickel exported to China and 10% exported to Japan and South Korea.
DTI Assistant Secretary Glenn Penaranda stated in a recent briefing after President Marcos' visit to Japan that the technical working group established to make recommendations on whether the government should ban or tax raw ore exports has been working since 2022. The policy aims to ensure that raw ore is processed downstream into higher added value, such as batteries for electric vehicles.
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