Trending Now
DHS Classifies Just 4% of ICE Arrests as...
Bursting the Bubble that Was FDR
Obamacare Was Not a Failure
New NDAA Repeats Mistakes of the Past
Domestic material extraction up 8.1% in 2024
PHL banking on PPPs to lead 2026 investment...
Farm roads seen unlocking agricultural potential of underused...
Budget transparency bill to enhance investor confidence, AmCham...
Marcos priority bills ‘cohesive package’ for improving governance,...
Japan tech seen boosting PHL disaster resilience
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

Domestic material extraction up 8.1% in 2024

by December 11, 2025
December 11, 2025

THE domestic extraction of materials, which includes biomass, metal ores, non-metallic minerals and fossil fuels, rose 8.1% to 388.07 million metric tons (MMT) in 2024, according to the Philippine Statistics Authority (PSA).

In a report on Thursday, the PSA said the biggest increase in output was recorded in non-metallic minerals, where extraction grew 33.5% to 150.60 MMT.

Non-metallic minerals, which accounted for 38.8% of total materials extracted in 2023, include sand, gravel and clay, primarily used in construction, and other materials like decorative stones and raw materials for chemicals and fertilizers.

Among the non-metallic minerals, sand and gravel accounted for 71.8%, equivalent to 108.17 MMT.

The extraction of mineral ores, which include nickel, gold, copper, chromite and iron ores, rose 0.6% to 75.45 MT. The category accounted for 19.4% of total production in 2024.

Of the total output for mineral ores, 44.3% consisted of nickel, 32.1% gold and 23.3% copper.

Extraction of fossil fuels fell 10% to 19.55 MMT, accounting for 5% of total material production in 2024. The category includes coal, crude oil, natural gas and condensate. Among the fossil fuels, coal accounted for 90.3%, equiv-alent to 17.66 MMT.

Biomass extraction dipped 4.7% to 142.46 MMT. Biomass, which accounted for 36.7% of total output in 2024, includes biomass of vegetable origin extracted by humans and their livestock, capture of wild fish, and the biomass of hunted animals.

Some 56.3% of the biomass came from crops such as cereals, sugar crops, and oil-bearing crops while 41.4% was derived from crop residues and grazed biomass.

The PSA said domestic material consumption (DMC), which measures the total amount of materials directly used in an economy, rose 8.3% to 457.41 MMT.

Non-metallic minerals had the largest share, accounting for 36.6% of the total, followed by biomass with a 36.2% share.

Meanwhile, the PSA said material productivity, or the amount of economic output generated per unit of materials consumed, fell 2.4% to P48.63 per kilogram of materials used. — Vonn Andrei E. Villamiel

previous post
PHL banking on PPPs to lead 2026 investment rebound — World Bank
next post
New NDAA Repeats Mistakes of the Past

Related Posts

DHS Classifies Just 4% of ICE Arrests as...

December 11, 2025

New NDAA Repeats Mistakes of the Past

December 11, 2025

PHL banking on PPPs to lead 2026 investment...

December 11, 2025

Farm roads seen unlocking agricultural potential of underused...

December 11, 2025

Budget transparency bill to enhance investor confidence, AmCham...

December 11, 2025

Marcos priority bills ‘cohesive package’ for improving governance,...

December 11, 2025

Japan tech seen boosting PHL disaster resilience

December 11, 2025

Yellow alert raised over Visayas grid

December 11, 2025

Luzon, Mindanao power supply to remain stable

December 11, 2025

P20-per-kilo rice program rolled out to 82nd province

December 11, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News