November 12, 2019 | 10:02 pm
THE Philippine Nickel
Industry Association (PNIA) said it is pressing for a bigger role in an
international industry group to better anticipate market developments.
“While we remain
optimistic as an industry, there are uncertainties and volatilities in the
world nickel trade that we must not ignore. We would be in a better position to
leverage opportunities and mitigate the effects of headwinds if we engage in
these international discussions,” PNIA President Dante R. Bravo said in a
statement.
The International
Nickel Study Group (INSG) was established in 1990, to improve transparency in
the global metals market and to serve as a talking shop for issues related to
the production and consumption of nickel.
INSG meets twice a
year, in April and October. PNIA attended the October meeting in Lisbon with
observer status.
PNIA Chairman Isidro C.
Alcantara said INSG membership will help the industry better understand the
market for nickel, which is moving beyond steel manufacturing with e-vehicle
manufacturers gaining a bigger role.
“We need access to
INSG’s wealth of knowledge and experience as input to our own road map to make
it more responsive to global opportunities and become more effective in
promoting inclusive and sustainable economic growth for our country,” he said.
The Philippines was
second in nickel ore production in 2018 with 340,000 tons. Leading producer
Indonesia will ban nickel exports next year to develop its own processing
industry.
PNIA’s members include
Agata Mining Ventures, Inc., Carrascal Nickel Corp., Citinickel Mines and
Development Corp., CTP Construction and Mining Corp., DMCI Mining Corp.,
Marcventures Mining Development Corp., and Platinum Group Metals Corp. — Vincent
Mariel P. Galang
No comments:
Post a Comment