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Indonesia tightens control on nickel as the US and China scramble for critical minerals
Indonesia seized 4 million hectares of nickel assets and fined $1.7 billion to strengthen control over reserves amid shifting global EV battery demand, S&P Global reported.
- Indonesia is increasing state control over its nickel industry — the world’s largest supply — after years of investing heavily in the metal to build a domestic electric vehicle sector.
- The move could affect global EV supply chains, especially as the U.S. and China compete for critical minerals. Indonesia now accounts for about 60% of global nickel supply, up sharply after banning raw ore exports and attracting Chinese-backed refining investment.
- Indonesia aimed to create a fully domestic EV industry, from mining to finished cars. However, critics say environmental damage — including deforestation and expanded mining — was justified under the banner of the energy transition.
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19 Articles
Chicago Tribune+5 Reposted by 5 other sources
By ANIRUDDHA GHOSAL and ANTON L. DELGADO HANÓI, Vietnam (AP) — Indonesia is strengthening state control over the world’s largest nickel reserves after years of betting that metal would serve as an anchor for a domestic electric vehicle industry, and just as global demand begins to move away from heavy nickel dependence. The measure could still impact on global electric vehicle supply chains, while the United States and China compete for critical…
·Chicago, United States
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Associated Press News+11 Reposted by 11 other sources
Indonesia tightens control on nickel as the US and China scramble for critical minerals
Indonesia is tightening state control over its globally important nickel industry after years of betting that the metal would anchor a homegrown electric-vehicle industry.
·United States
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Total News Sources19
Leaning Left5Leaning Right1Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 42%
C 50%
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