According to Kevin Walmsley of the site 'Inside China
Business' the USA is encouraging the Philippines to set up a nickel
supply chain to cut off China's dominance in nickel. The USA will
provide financial help while the Philippines will have to set up the
refining facilities. How feasible is that project going to be? Burnt to a
crust will be the result.
Setting up the refining logistics is
not a cheap proposition and takes time and expertise. Even if the
Philippines managed to do so, can it compete with China? Already some
nickel processing facilities around the world are closing shop due to
inability to compete with Chinese manufacturers. And the Philippines is
going into this sector or just building castles in the air and feeling
good about it.
Like India celebrating the India/Middle
East/Europe Corridor with a song and dance upon being announced by
Biden. Biden probably already forgotten the whole thing, while the
Indians are still hanging on to the fairy tale ending.
Biden had
promised many great sounding propositions - US$350 million digital
transformation of Africa, US$600 billion global infrastructure projects,
India/Middle East/Europe corridor, railroad across the Pacific (how to
build a railroad over the ocean I just wonder), US$150 million for ASEAN
countries to buy sampans for patrolling the seas around ASEAN countries
(more a bribe). All 'Chau Tar' propositions.
If you believe and love fairy tales, Biden is the right person to go to.
Anonymous
Perhap the pinoys gov. could employ our Senile Minister Ah loong to teach them how to milk it population and build whatever plant they need. Under pinkies, we have GBTB/Jewel/TuasSpring (foc from hyflux)/million from Fujian gang/bonus from Pfizer (this is for ownself). Enable sillyporean to become Asia most happy population.(um chau :)).
ReplyDeleteHow many Pinoys would like to see their country destroyed like Ukraine?
ReplyDeleteHow many Pinoys would want to die like the Ukrainians, to be used by the Americans as pawns?
It is easier for the Philippines to be recolonised by the Americans than for Ukraine to join the EU/Nato.
ReplyDeleteThe Europeans have never wanted to let Ukraine in. It was all a lie.