https://www.copyright link/companies/mining/why-macquarie-s-nickel-veteran-thinks-the-rout-is-over-20240305-p5f9u7
Commodity markets are not black and white.
The question is not if Indonesia does x, but what is the counter?
Here are political and economic reactions already coming on-line:
Firstly, EU - has multiple directives coming online
https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials_en
USA - critical minerals act
https://environmentalenergybrief.sidley.com/2023/06/06/u-s-department-of-energy-releases-critical-materials-assessment-for-public-comment/#:~:text=In%20the%20short%20term%20%E2%80%94%20through,and%20uranium)%20were%20near%20critical.
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