Indonesia has become the world’s leading nickel producer, supplying more than 40% of global demand, essential for electric vehicle batteries. This surge has been driven by a partnership with China, which has improved local refining capacity. Meanwhile, the United States faces the challenge of a nickel supply shortage, mining just 17,000 tonnes in 2023 compared to Indonesia’s 1.8 million tonnes. Elon Musk has highlighted the need for increased nickel production, highlighting its importance to Tesla and the EV sector. Companies such as Talon Metals are working to open a new nickel mine in Minnesota to address the challenge of a nickel supply shortage in the United States. CNBC traveled to a remote area of the Indonesian island of Sulawesi to understand the impact of nickel mining on local people’s lives and find out why China and Indonesia have collaborated to disrupt the entire nickel industry. Chapters: 03:46 Title Card: How China took over Indonesia’s nickel industry to fuel EV growth 03:54 Chapter 1: Increasing Demand 06:23 Chapter 2: China’s plan for domination 10:00 Chapter 3: The true cost 14:08 Chapter 4: The path forward Produced and edited by: Lisa Setyon Senior Managing Producer: Jeniece Pettitt On-site production and camera: Sufiani Dartunis Luan, Ibnu Hadi Rachmat Animation: Jason Reginato Additional footage: Getty Images, Talon Metals, Satya Bumi Additional camera: Magdalena Petrova Additional voice actors: Erin Black, Ryan Baker
Friday, July 26, 2024 16:00:13 GMT
