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China built Indonesia's nickel boom. Will it stay for the bust?

Summary by Asia Times
When PT Gunbuster Nickel Industry (GNI) began operating in North Morowali, it represented everything Indonesia wanted its nickel industry to become. Built with US$2.7 billion in Chinese investment, inaugurated by then-President Joko Widodo in 2021 and designated a National Strategic Project, the smelter was supposed to prove that Indonesia could move beyond exporting raw ore […] The post China built Indonesia’s nickel boom. Will it stay for the …

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Asia Times broke the news in Hong Kong, Hong Kong on Friday, June 26, 2026.
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