Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the EV boom led Chinese companies to take over Indonesia's nickel industryIndonesia has become the world's top producer of nickel, supplying over 40% of the global demand needed for EV batteries.
The growth is powered by partnerships with China, which have strengthened Indonesia's ability to refine nickel locally.
In contrast, the U.S. faces challenges with limited supply, mining only 17,000 metric tons in 2023 compared to Indonesia's 1.8 million metric tons.
Elon Musk has stressed the urgency of increasing nickel production, especially for Tesla and the EV industry.
Persons:
Elon Musk, Tesla
Organizations:
EV, Elon
Locations:
Indonesia, China, U.S