Indonesia's Plan to Build Nickel Alliance Faces Philippine Resistance
Indonesia's plan to establish an OPEC-like alliance to coordinate global nickel supply did not get a favorable response from the Philippines, the world's second-largest nickel producer.
"If the raw materials price goes up, it will affect the price of finished products that we import, which will hurt us a lot," Dante Bravo, Philippines Nickel Industry Association President, told Bloomberg on Monday. "I'm not a believer in a controlled market."
Bravo believes that Indonesia's formation of a nickel-producing countries' alliance would only benefit the Philippines if it focused on sharing best practices and technologies and more efficient sourcing.