Why Philippines struggles to tap its US$1 trillion mineral wealth

South China Morning PostCenter-RightEN 1 min read 100% complete by Sam BeltranMarch 20, 2026 at 01:30 PM

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The Philippines is seeking to develop its estimated US$1 trillion mineral wealth by forming international partnerships. The Marcos administration has signed agreements with the United States and South Korea to cooperate on critical mineral supply chains, with talks underway for a similar deal with Canada. These partnerships aim to shift the Philippines from exporting raw mineral ores to domestic processing, creating high-skilled jobs and strengthening its position in the global hi-tech supply chain. Analysts emphasize the need for a clear roadmap to develop the Philippine mining industry to meet global standards. These efforts are intended to harness the country's mineral resources and boost its economic standing.

Key Entities & Roles

Key Player Opposition Context

Prospectors and Developers Association of Canada 40% Raphael Lotilla 60% Marco Rubio 60% Canada ×260% South Korea ×270% Lee Jae Myung ×270% United States ×280% Ferdinand Marcos Jnr ×390% Philippines ×6100%

Keywords

critical minerals 100% mining industry 80% philippines 80% supply chains 70% international cooperation 60% mineral wealth 60% united states 50% domestic processing 50% south korea 40% agreements 40%

Sentiment Analysis

Positive

Score: 0.30

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Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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critical minerals mining industry philippines supply chains international cooperation mineral wealth united states domestic processing south korea agreements

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