Report Finds That Chinese Companies Control About 75% of Nickel Capacity in Indonesia
A recent report by the Washington-based nonprofit C4ADS has revealed that Chinese firms control approximately 75% of Indonesia’s nickel refining capacity. This dominance has raised concerns about supply chain control, economic influence, and environmental risks, particularly as nickel plays a crucial role in the global electric vehicle (EV) market. Indonesia is the world’s largest nickel producer, with a refining capacity of 8 million metric tons spread across 33 companies. Over the years, the country has implemented policies that ban the export of raw nickel ore, forcing companies to refine nickel domestically. This has attracted massive Chinese investment, leading to China’s…