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Indonesia wants to move further up the value chain. Some time back Indonesia banned the export of nickel ore because they wanted to attract more investment in d
by pkaye 2y ago
Indonesia wants to move further up the value chain. Some time back Indonesia banned the export of nickel ore because they wanted to attract more investment in domestic smelters and refineries. The EU response to that was to take them to the WTO.
https://moderndiplomacy.eu/2024/10/28/indonesias-trade-dispute-on-nickel-ore-in-the-wto-current-progress-and-developments/ https://moderndiplomacy.eu/2024/10/28/indonesias-trade-dispu...
Biden tried to work out a deal with Indonesia of nickel supply but then its stuck on concerns like environmental impact, forced labor, etc.
https://www.reuters.com/markets/commodities/us-indonesia-discuss-potential-deal-ev-minerals-sources-2023-11-12/ https://www.reuters.com/markets/commodities/us-indonesia-dis...
https://www.eenews.net/articles/feds-link-indonesia-nickel-needed-for-evs-to-forced-labor/ https://www.eenews.net/articles/feds-link-indonesia-nickel-n...
I imagine China has no concerns about these issues. They just trade technology and building domestic factories for access to minerals.