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U.S.-Indonesia Deal Threatens China's Nickel Dominance

2/24/2026

Summary

Story summary

China plans to boost investment in alternative nickel sources and strengthen its nickel supply chain position.
The United States has finalized a deal with Indonesia for unrestricted access to industrial commodities.
Analysts say the U.S.–Indonesia deal could reshape the nickel market and may provoke China, which has investments in Indonesian nickel mines.
Indonesia supplies over 60% of the world's nickel, with ore restrictions driving prices up by over 30%.

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Story summary

China plans to boost investment in alternative nickel sources and strengthen its nickel supply chain position.
The United States has finalized a deal with Indonesia for unrestricted access to industrial commodities.
Analysts say the U.S.–Indonesia deal could reshape the nickel market and may provoke China, which has investments in Indonesian nickel mines.
Indonesia supplies over 60% of the world's nickel, with ore restrictions driving prices up by over 30%.