Philippine gov't plans to expedite mineral exploration permits for electric vehicle production, targeting a 1-2 year permitting process and downstream processing.
The Philippine government plans to streamline mineral exploration permits to support electric vehicle production. Special Assistant to the President for Investment and Economic Affairs, Frederick Go, wants to shorten the permitting process from 5-6 years to 1-2 years. The aim is to move up the value chain in the mineral industry by focusing on downstream processing, such as nickel and copper, with the goal of processing electric vehicle batteries in the Philippines.
May 27, 2024
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