"Cheap Indonesian nickel, controlled by Chinaand dumped on the...

"Cheap Indonesian nickel, controlled by Chinaand dumped on the market, has collapsed nickel prices and forced global mine closures."

"China has invested tens of billion into Indonesia, building smelters and using their technology to dominate the nickel market. In this way, it’s no different from the choke hold China has put on cobalt — mined in the DRC then sent to China for processing — rare earths, steel, copper etc." (And Magnesium)

"Beijing is now the world’s critical minerals processing hub, but the West is doing very little to stop it."

https://www.mining.com/web/indonesia-and-china-killed-the-nickel-market/

The likelyhood of LMG working with Indonesia is a question you and I have discussed a few times now @tropic
We have difference of opinion. The sovereign risk is too high imo.

......

It is very interesting though...

"JAKARTA, Jan 16 (Reuters) - Indonesia produced 535,200 metric tons of nickel in ferronickel and 71,400 tons of nickel matte in 2023, data from the mining ministry showed on Tuesday."

https://www.nasdaq.com/articles/indonesia-produces-535200-metric-t-of-nickel-in-ferronickel-in-2023-mining-ministry

Circa 4t of ferronickel slag per tone of ferro nickel: 535,200 x 4 = 2.14M tones of ferronickel slag, last year alone (Just Indonesia).
What a missive problem and opportunity.

LMG's Hydromet process in Indonesia, too right but who will own it and control it? China.

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SLN (New Caledonia) is bailed out for now...

https://www.mining.com/web/eramet-says-deal-reached-on-debt-of-new-caledonia-nickel-unit/


Ken