Bibliographic Details
| Title: |
Indonesia's Nickel Boom Is Forcing Its Own Smelters to Shut Down. |
| Authors: |
Spence, Eddie (AUTHOR) |
| Source: |
Bloomberg.com. 3/3/2025, pN.PAG-N.PAG. 1p. |
| Subject Terms: |
*Nickel industry, *Electric vehicle industry, *Metal industry, *Exporters, Natural resources, Nickel mining |
| Abstract: |
Indonesia's nickel industry is facing challenges as a surge in production has led to lower prices and ore shortages, causing even the country's own smelters to reduce output. The rapid growth of the industry, driven by cheap power and Chinese technology, has outpaced demand, resulting in financial struggles for smelters. The rise of electric vehicles, which require nickel for batteries, initially drove investment in the sector, but advancements in battery chemistries have impacted nickel demand. The industry is expected to face further challenges in the coming months as market conditions remain uncertain. [Extracted from the article] |
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| Database: |
Business Source Complete |
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