Indonesia defends its curbs on nickel ore exports amid EU claim of breach in international trade

Indonesia claims it is doing what is necessary to develop its electric vehicle ecosystem, while the EU claims the nation rich in natural resources has breached rules by restricting international trade.

Nickel smelting facilities have sprouted in Indonesia in recent years, and many were built by investors from China, the world’s largest auto exporter and EV battery maker today. There are 15 nickel smelters today, from just a few several years ago.While the World Trade Organisation in October 2022 ruled against the nickel ore export restrictions, Indonesia appealed in November 2022 and was allowed to uphold the ban, pending a decision. The ban is still in effect.

Both provinces boast a recently built integrated industrial park to process nickel ores, and domestic processing of this mineral is expected to fuel the fast-growing EV race globally. President Widodo earlier this week dispatched a delegation to the United States to explain Indonesia’s position to the IMF.

South Korea’s LG Chem is investing billions of dollars in EV supply chains in the Batang Industrial Park in Central Java.

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