PAN is a sulphide producer with its own mill The touted saviour...

PAN is a sulphide producer with its own mill
The touted saviour of the Ni market Indonesia is a disaster & will be proven as such for china imho.
Almost all Ni product from Indo goes to china not the west.

Indonesia also has the lowest wages, highest carbon emmissions, poorest environmental protections and worst pollution history with a long civil strife history between muslims & chinese.
Their Ni is NPI low grade 0.2% crap that emits 20 times more carbon than it reduces in EV end product.
Its basiclaly sand dirt thats churned through massive chemical HPAL and energy intense burners and polluters to get it to even 5% grade.

The ASX stock here used by chinese offtakers to accumulate western moneies with this Indo operation type is NIC and their stock has halved in 9 months. All their product goes to china and their major holder Tsingshan actively shorts the LME NP and got caught out in march at the LME in a massive short squeeze losing $12B.

The Indo taxman, unions and imams will soon rail against the sino control of Ni production in Indo and the yanks will likely egg it on like before.
Widodo has mentioned many times larger tariffs & bans on Ni exports to stop the sino pillaging of their natural resources at low cost.

PAN is cheese compared to that chalk.