Similar to Indonesia, Philippines Plans to Ban Nickel Ore Export

Key Summary:
- Philippines government approved a bill to ban nickel ore exports
- This is aimed to apply the success of Indonesia's downstreaming
- Nickel ore price is expected to increase if the ban is enacted
The Philippines is currently considering to ban exports of raw nickel ore to boost its domestic processing industry, a move inspired by the downstreaming policy success of its neighbor, Indonesia.
A policy shift: On February 3, 2025 the Philippine Senate approved a bill to ban exports of raw mineral ores including nickel in order to support its local industrial development in the sector.