Chinese investors are being urged to explore business opportunities in the Philippines, during the Philippines-China (Fujian) Economic and Trade Promotion Conference held last November 7. They are urging Chinese companies to invest in nickel and cobalt processing facilities and even to move forward to invest in energy storage production including EV (electric vehicle) batteries and renewable energy battery banks. Philippines is the second largest in terms of deposits of nickel and sixth for deposits for cobalt, and the two minerals are key ingredients in lithium ion batteries.
Source: Manila Times
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