Nickel West BHP suspended, page-129

Why would a government nationalise a business that ain't coming back, regardless of price cycles:

The energy and resources consulting firm Wood McKenzie estimates that the capital costs of Indonesia’s new plants are US$35,000 per annual tonne of nickel produced, compared with more than US$100,000 at western plants. In the brutal logic of commodity markets, it is the highest cost producers that go out of business first in an over-supplied market.

https://www.aspistrategist.org.au/indonesia-harnesses-chinese-capital-and-innovation-to-dominate-world-nickel-production/