The China-Global South Podcast China, Indonesia and the Great Power Competition for Transition Minerals
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Nov 26, 2024 Jero Nima, an expert in critical minerals in Southeast Asia, and Putra Adhiguna, managing director at the Energy Shift Institute, delve into the intricate ties between Indonesia's vast nickel industry and global power dynamics. They explore how U.S. policies impact Indonesian nickel exports, particularly in light of China's dominant smelting role. The discussion highlights the urgent need for ethical resource governance, international collaboration for EV demand, and Indonesia's pivotal role in navigating these geopolitical challenges.
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Indonesia's Dilemma
- The Inflation Reduction Act (IRA) aims to limit China's role in the EV battery supply chain.
- This poses challenges for Indonesian nickel suppliers due to the dominance of Chinese smelters in Indonesia's mining sector.
Trump's Balancing Act
- Trump's potential repeal of the IRA could affect the clean energy industry and fossil fuel interests.
- Western companies find it challenging to launch new mining projects due to environmental concerns and market conditions.
Western Companies' Reliance on China
- Albemarle, the world's largest lithium producer, acknowledges its dependence on China for cost-effectiveness.
- Similarly, Eramet, a French nickel company, admits China's technological superiority in cost-effective production.