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Home Steel News Philippines eyes global nickel leadership with mining reforms
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Philippines eyes global nickel leadership with mining reforms

3 Jan 2025 16:38 reported by Evelyn Wu

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The Philippines is looking to strengthen its position in the global nickel market with new reforms to improve its mining sector. President Ferdinand Marcos Jr. has proposed changes to the Philippine Mining Act of 1995, which focuses on better taxes, environmental protection, and more local community involvement. These reforms are designed to increase the country's nickel production and processing capacity.

The new plan includes a royalty system based on mine location and prioritizes environmental factors when approving new projects.

In 2024, the Philippines produced 387,000 metric tons of nickel, maintaining its position as the second-largest producer in the world. The country hopes to boost output even more, aiming for greater participation in the clean energy market.

With these changes, the Philippines could become a key supplier of nickel, supporting both its economy and the global push for cleaner energy.

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