Business And Industry News

"Indonesia's Nickel Industry: From Green Hype to Darwinian Battle for Survival"

The nickel industry is facing a crisis as a flood of new supplies from Indonesia, driven by Chinese investment and technological advancements, has led to a surplus and crashing prices. Mines worldwide are at risk of closure, with some seeking state bailouts or facing bankruptcy. The collapse has raised concerns about the future of nickel mines outside of Indonesia and highlighted China's control over key commodities. Despite hopes for a demand recovery and premium prices for "green nickel," the industry is grappling with significant challenges, including weak demand and environmental criticisms.