Indonesia is attempting to capitalize on the growing global demand for high-quality refined nickel to attract investment and secure a foothold in the key metal used in developing electric vehicles. If Indonesia overcomes the sizable technological and economic limitations in ramping up its nickel production, it could shift how the world obtains high-quality refined nickel products. As the world increasingly looks to electric vehicles (EVs) to help reduce carbon emissions and combat climate change, Indonesia is looking to take advantage of its large reserves of nickel -- a key component used in EV batteries -- to attract foreign direct investment (FDI) and boost economic growth. Demand for refined nickel is expected to skyrocket in the coming years in tandem with global demand for EV batteries. In a statement issued on Sept. 7, Brazilian mining company Vale said it expected global annual demand for the metal to increase by roughly 44%...
