Swiss multinational Glencore has expressed interest to engage in mining and processing operations in the Philippines.
President Ferdinand Marcos Jr. and Secretary Alfredo Pascual of the Department of Trade and Industry (DTI) met with Gary Nagle, chief executive officer of Glencore on January 17 on the sidelines of the World Economic Forum-organized sessions in Davos, Switzerland.
According to a statement released by the DTI yesterday, Glencore sees the Philippines as a potential partner to process nickel and copper resources responsibly and sustainably for use in electric vehicle batteries and energy storage units, among others.
Glencore is one of the largest and globally diversified natural resource companies in the world.
Glencore is engaged in a wide range of commodity production, sourcing, processing, refining, transporting, storage, financing and supply. It has 60 mining, metallurgical and oil production assets worldwide. – Irma Isip
