Do You Know That The Philippines Is Listed As The 5th Mineral Country In The World,3rd In Gold Reserves ,4th In Copper,And 5th In Nickle?The Ores(Mine
Do you know that the philippines is listed as the 5th mineral country in the world,3rd in gold reserves ,4th in copper,and 5th in nickle?The ores(mineral bearing rocks)are processed out of the country to recover the pure metal and we buy the pure metal. Is this practice advantageous to the philippines?
For me, it is not advantageous to the Philippines. Those minerals are ours. Those that belong to the Philippines should not be processed in other countries in the first place. We should be the one benefiting from those minerals. If only we have machines that can process these, Philippine economy in terms of minerals will surely increase.
When we let other countries process our minerals and then buy the processed products to them, we will loose profit.
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