I support the tariffs but is 25% high enough if China is going to dump heavily subsided anodes on to global markets.
The majority of foreign nickel investment in Indonesia is coming from China. Most of the mines were mainly Chinese owned and operated in JV's with Indonedian companies when Indonesia decided all processing of Nickel must be manufactured on-shore to value add. Most if not all is dirty.
I don’t believe the battery makers are really trying, or motivated to shift the supply chain from the Chinese monopoly - I always thought the lack of motivation was from them believing graphite was going to be superseded which has never eventuated. A lot of them invested in trying to develop Li metal anodes. In late 2020 and in 2021, every second week I'd read an article spruiking a technological break through hoping to attract investment in the company being spruiked. They were more like paid ads than anything else.
I've been saying for years all China has to do is turn off the graphite tap to destroy the western EV industry. Gives us Taiwan or no graphite.
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