How the EV boom led Chinese companies to take over Indonesia’s nickel industry
Publishing timestamp: 2024-07-27 08:00:02
Summary
Nickel mining in Indonesia has surged, making it the world's top producer of the metal. The rapid growth is driven by the demand for nickel in electric vehicle batteries. While this has economic benefits, concerns about environmental impact are rising. Companies like Talon Metals are advocating for secure supply chains by developing local nickel sources under strict environmental standards. Tesla CEO Elon Musk has called on mining companies to ramp up nickel production. The United States faces challenges with its nickel supply, relying on just one operational mine.
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Keywords: technology, talon metals corp, tesla inc, video first, business news,
Source: https://www.cnbc.com/2024/07/27/chinese-dominance-in-indonesias-nickel-industry-during-ev-boom.html