The value of the Philippines' metallic mineral production rose 28.6 percent year-on-year in the first quarter to P82.8 billion, driven by higher global prices for gold and nickel, according to Philstar Biz .
Gold contributed the bulk of the increase, with its value rising 35 percent to P56.7 billion even as production volume fell. Nickel ore value grew 18 percent to P13.3 billion, supported by stronger prices, while copper and chromite also posted gains.
The mining sector's performance underscores the impact of commodity price trends on the domestic economy, with higher revenues offsetting lower output. Analysts expect the upbeat trend to continue as global demand for metals used in clean energy and electronics remains robust.