This Video will explain The Shocking Impact of Indonesia's Nickel Ban Revealed.
Indonesia's dominance in the nickel sector is a result of its strategic initiatives in addition to its natural resources. In 2020, the Indonesian government prohibited the export of raw nickel, forcing companies to process the metal domestically. This program sought to increase the value of nickel exports by assisting downstream industries such as smelting and battery manufacturing.
This bold move paid off. In an attempt to ensure a steady supply of nickel, foreign companies began to make large investments in Indonesia's mining and processing industries. China, South Korea, and Japan made significant contributions, and the country was able to draw in billions of dollars in foreign direct investment.

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