The Nickel Profits Trap
Monday, May 1, 2023
Foreign investors are flocking to enter the nickel processing industry. Beware of the dangers of the new electric vehicle battery technology.
THE government needs to think very carefully about the policy of opening Indonesian doors wide to domestic and foreign investors for the exploitation of nickel. Although it brings the short-term benefit of helping to achieve a trade surplus, this policy has the potential for huge risks in the long term.
A number of major automotive companies plan to enter the nickel industry here. The Ford Motor Co has entered into a cooperation agreement with V
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