Hi @the squash
This is IMO a very good development.
Consider the fact that Trump is pushing back at China for a better and fairer deal on trade generally.
Then consider that the DRC (Democratic Republic of Congo) is pushing back at China and other miners in the DRC on cobalt and copper because the benefits for the DRC (Corrupt government) just do not materialize with the mine it and ship it for further processing offshore business model, mostly to China.
Now consider that once again China is the primary beneficiary of Indonesian metals in this case nickel, from which Indonesia gets very little return and then is left with the remaining calamity as a result of poor mining practice and unnecessary risk being carried by the populous.
It makes sense that they would want more processing and add value onshore in Indonesia.
I feel that generally the world is waking up to China, its Belt and Roads initiative and the one winner, one way trade currently being conducted.
We will see more of this type of pushback in future I hope.
RED
Hi @the squashThis is IMO a very good development. Consider the...
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