According to Philippines hopes to boost cooperation with US in mining and batteries | The Star, Enrique Manalo, the foreign minister of the Philippines, said on Friday that his country is keen to increase economic collaboration with the United States, notably in the production of vital minerals and battery componentry.
According to Enrique Manalo at an Asia Society event that economic cooperation with the US should keep up with bilateral defense-related efforts when global leaders were in New York for the annual UN General Assembly meeting.
In addition to encouraging the development of battery componentry, Manolo stated that the Philippines wants to enhance the presence of mining businesses there.
The Philippines, which will be hosting the Indo-Pacific Business Forum early in 2019, will welcome the first-ever presidential trade and investment delegation from the United States, according to Manolo.
In addition to encouraging public-private and private partnerships, he said Manila anticipated that this would lead to the development of expensive projects in key sectors. Manolo said that the March deal between the United States and Japan on vital minerals served as a model for the Philippines and added that the country is highly interested in that.
According to Philippines hopes to boost cooperation with US in mining and batteries | The Star, the mining industry in the Philippines is extremely undeveloped, and the Manila administration said on Tuesday that it will increase assistance for the local mining sector by launching exploratory efforts early in the next year to find new locations where valuable minerals like nickel and chromium may be exploited.