Media Watch - NVX related, page-14027

Todd Malan 3rd+

Chief External Affairs Officer @ Talon Metals | Experienced Senior Executive in Government Affairs, Media, Communities and Climate Change areas of responsibility

6d

Follow

Exactly. Not because China seeks to be self-sufficient in the minerals needed in batteries. The intent of its “shock and awe” investmemt strategy in Indonesia is to take advantage of Indonesia’s low standards for environmetal protection, labor rights and indigenous rights to be able to produce a cheaper nickel product. Achieving global supply dominance and ability manipulate the global reference price (LME) through oversupply of low cost, low standard nickel is the goal. The objective is to use that dominance and price leverage to undermine the economic standing of nickel producers outside of China and thwart the nascent policy efforts of the IRA to build up secure supply chains in the US. and allies like Australia and Canada. We are seeing this play out in real time with the closure of nickel mines and processing facilities in Australia (and the shelving of expansions). Luckily the US and allies have some of the highest grade deposits of nickel in the world, can harness new innovation in exploration, extraction and mining to be competitive and now have access to the DOE’s Loan Program to finance new (domestic) nickel mines, refineries and recycling. #wecandothis

Dennis Mesina 3rd+

International Energy Policy

2w

Follow

“Massive Chinese investment in low-cost nickel mining and processing in Indonesia is swamping global markets.” #criticalminerals

Big Mining’s Deal Spree Is Just Getting Started

wsj.com