Business World
PHILIPPINE production of nickel is expected to continue “modest growth” in the next few years as a negative policy environment and falling ore grade offsets the effect of mines restarting after a 2017 crackdown on environment law violations, Fitch Solutions Macro Research said in a Sept. 3 industry trend analysis e-mailed to journalists on Wednesday.
“We expect the Philippines to see modest growth in nickel mine production in 2019 due to restarting mines and gains from current operations,” Fitch Solutions said in its note, titled: “Philippine nickel mining outlook showing upside potential.”
At the same time, it clarified: “We maintain our subdued nickel mining growth outlook for the Philippines over the medium to long term, underpinned by the country’s stringent environmental regulations and policy uncertainty that will undermine investment into the Philippine’s thin nickel project pipeline.”