Philippines to Boost Role in Global Critical Minerals Market with Support from US and Japan
The Philippines is set to enhance its engagement in the global critical minerals and rare earths market, with substantial backing from the United States and Japan. A recent report from the US-based think tank Centre for a New American Security (CNAS) outlines the collaborative efforts required to leverage the Philippines' rich mineral reserves. As the global demand for critical minerals surges, Washington and Tokyo view Manila's assets as essential for reducing reliance on China, which has dominated this sector. The report emphasizes the necessity for the Philippine government to initiate reforms aimed at reducing bureaucratic obstacles and addressing corruption in... [Continue Reading]
