A decade in the past, Indonesia produced solely 6% of the world’s provide of refined nickel. Now, it has a de facto monopoly available on the market. How did it occur? The FT’s Jakarta correspondent A. Anantha Lakshmi and FT’s commodities correspondent Camilla Hodgson study what propelled this explosive development and the way China helped it occur.
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For additional studying:
‘The Opec of nickel’: Indonesia’s control of a critical metal
‘Production first, safety later’: inside the world’s largest nickel site
Western miner Eramet sees no profits in nickel processing without Chinese partners
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Comply with A. Anantha Lakshmi and Camilla Hodgson on X (@AnanthalakshmiA) (@CamillaHodgson). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or observe her on LinkedIn for updates concerning the present and extra.
