17. HOW WILL THE MONEY BE INVESTED? Aside from investing in minerals, currencies, and stocks and bonds, SWFs also venture into long-term and “illiquid” assets, like infrastructure projects (tolled skyways, airports, real estate, etc). A low-hanging fruit could be stocks, such as disruptors like Amazon, Apple and Google. Tesla, which is disrupting global transport, is a major user of nickel, for its EV batteries. The Philippines produced 420 metric tonnes of nickel in 2019, according to Statista. In 2017, the Philippines was the world’s top nickel ore producer. The Philippines does not have a nickel processing industry. And how much of the mining royalties actually went to the people?
Statista