28.5 C
Manila
Wednesday, April 8, 2020
 
Home Business Top Business PNIA pushes for PH entry in global nickel body

PNIA pushes for PH entry in global nickel body

THE Philippine Nickel Industry Association (PNIA) on Tuesday said it will officially lobby for the Philippines to be included as a member of the International Nickel Study Group (INSG) as part of efforts to develop an industry road map and strengthen the country’s position as a key player in the global nickel trade.

Last month, PNIA became an industry observer in an INSG meeting in Lisbon, Portugal.The meeting was attended by more than 60 government and leading industry representatives from member-countries and international organizations that participated in a two-day discussion of current global nickel market trends.

In a statement, PNIA Chairman Isidro Alcantara said the Philippines will economically benefit from joining INSG considering the sustained demand for nickel driven by the steel manufacturing industry and advancements in the e-vehicle sector, particularly in Europe, Japan and China.


“As the leading nickel laterite ore supplier country in the world, our country’s significant contributions to the global nickel value chain is widely recognized. For our part, 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,” Alcantara explained.

PNIA President Dante Bravo said the engagement with INSG started during the conduct of PNIA’s “Nickel Initiative” held in March this year, where the Philippines was formally invited to join the global nickel group.

“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 on opportunities and mitigate the effects of headwinds if we engage in these international discussions,” Bravo said.

What you need to know today about the virus outbreak

With its biggest one-day jump yet, New York City’s death toll from the coronavirus officially eclipsed the number of those killed at the World...

New York virus deaths exceed 3,200, topping toll for 9/11 attacks

NEW YORK: New York City’s death toll from the coronavirus eclipsed the number of those killed at the World Trade Center on 9/11, health...

PBA set to shorten season

SEASON 45 Philippine Basketball Association (PBA), as expected, will be reduced to either a two-conference or one conference format due to the extended enhanced...

UAAP cancels remainder of Season 82

THE University Athletic Association of the Philippines (UAAP) cancelled the remainder of its Season 82 tournaments following the extension of the enhanced community quarantine...

Govt approves P5-B amelioration fund for formal workers

THE government has earmarked P5 billion for the social amelioration program for formal workers affected by the coronavirus disease 2019 (Covid-19) pandemic in the...

Today's Front Page