The Philippines is seeking to move beyond the extraction and export of raw minerals and capture more value from its natural resources through domestic processing and manufacturing under a new national mining policy framework.
The Asian Development Bank (ADB) has launched a new financing facility aimed at helping countries in Asia and the Pacific build critical minerals supply chains essential for clean energy, electric vehicles, and digital technologies.
After decades of exporting unprocessed minerals to a limited number of buyers, the Philippines is moving to diversify its markets and expand domestic processing capacity in its critical minerals sector.