Philippine mining sector expects growth in 2025 driven by metal demand and reforms

The Philippine mining sector is expected to grow in 2025, driven by increased demand for metals due to the global energy transition and the rise of electric vehicles. Nickel production is anticipated to recover after a slowdown last year. Gold prices are projected to rise significantly, potentially reaching $3,000 per ounce amid geopolitical tensions. The country's metallic production increased by 3.17% in the first nine months of last year, with gold making up nearly half of the total output. The government is working on reforms to support the mining industry, including a new fiscal regime and a digital application platform. Industry leaders are optimistic that these changes will attract more investments and enhance the sector's contribution to the economy.