Hyperdrive

Indonesia Will Trade Its Nickel Riches for an Electric-Car Industry

Indonesia holds almost a quarter of all nickel reserves
Nickel in high demand for EV batteries with better performance

David Lennox of Fat Prophets discusses Indonesia’s early ban on nickel exports and what it means for the markets.(Source: Bloomberg)

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By Harry Suhartono

October 28, 2019 at 9:00 PM UTC

Updated on

October 29, 2019 at 12:55 PM UTC

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Indonesia is dangling the world’s largest trove of nickel, a crucial metal for making electric cars perform better, to lure the auto industry into spending billions of dollars to transform the islands into a hub for the technology.