Story perspectives

Indonesia's Nickel Control Sparks Investor Unease Amid EV Shift

2/18/2026

Summary

Story summary

Indonesia tightens control over its nickel supply, crucial for electric vehicles, amid shifting global demand.
Indonesia's nickel share rose to 60% in 2024 after banning raw ore exports, attracting Chinese investment.
As EV chemistries shift to less nickel, Indonesia's strategy faces challenges.
The crackdown on illegal mining has spurred land seizures, unnerving foreign investors and potentially complicating Indonesia's position between the U.S. and China.

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Story summary

Indonesia tightens control over its nickel supply, crucial for electric vehicles, amid shifting global demand.
Indonesia's nickel share rose to 60% in 2024 after banning raw ore exports, attracting Chinese investment.
As EV chemistries shift to less nickel, Indonesia's strategy faces challenges.
The crackdown on illegal mining has spurred land seizures, unnerving foreign investors and potentially complicating Indonesia's position between the U.S. and China.