Ore export ban lifts Indonesia to 41% of world processed nickel

So what

In under a decade Indonesia went from 1% to 41% of global processed nickel, a sixty-fold rise triggered by a ban on raw ore exports. It is the clearest case of resource nationalism forcing value-added processing onshore, financed largely by Chinese capital. Battery and auto makers should expect copycat policies from other mineral-rich states and diversify refining exposure accordingly.