Indonesia's dominance in the nickel market faces challenges due to shifting geopolitical landscape and changing battery chemistry. The country's focus on securing a prominent place in the EV battery supply chain is hindered by vulnerabilities in its reliance on Chinese manufacturers and finance. The transition to LFP batteries by Tesla may impact the demand for nickel. Indonesia aims to develop an EV supply chain, but faces concerns regarding US and EU partnerships, environmental impacts, and heightened scrutiny on business rules.

Indonesia's Nickel Market Challenges