BOI, UP Diliman drawing up copper roadmap
The Board of Investments (BOI) and the University of the Philippines Diliman have partnered to address the gap in the local copper value chain and support the development of downstream industries.
The BOI and the UP Diliman Department of Mining, Metallurgical and Materials Engineering signed agreements to work on the Development of Copper Rods with High Conductivity and Low Breakability for the Philippine Wire and Cable industry.
Both parties will conduct a technical and economic feasibility study for developing a local copper rod casting facility.
The BOI will provide non-financial support in the form of materials. These include a pre-feasibility study on a copper wire rod casting plant, industry data and information as well as endorsements to industry partners.
The UP Diliman, for its part, will prepare the technical and economic feasibility report and present results of the due diligence in coordination with the BOI.
This initiative is funded by a grant from the Department of Science and Technology’s Philippine Council for Industry, Energy, and Emerging Technology Research and Development. It is anchored on the Copper Industry Roadmap, particularly in the development of downstream copper products.
“Moreover, the BOI remains committed to enhancing the country’s critical minerals sector, which aligns with the government’s goal to create a virtuous cycle of sustained economic growth that fundamentally transforms the Philippine economy,” the BOI said.
