"The Nickel Industry: From Hype to Bailouts"

The nickel industry, once hyped for its role in electric vehicle batteries, has imploded due to a flood of new supply from Indonesia, technological breakthroughs, weak demand, and concerns about China's control over key commodities. This has led to plummeting prices, mine closures, state bailouts, and uncertainty about the future of nickel mines outside of Indonesia. Producers are struggling, with some seeking government assistance, while the prospect of a sustained lift in nickel prices remains the only potential solution.