Michael Widmer

Michael Widmer, Head of Metals Research at Bank of America, delves into the seismic shifts in the nickel market dominated by Indonesia and China. He reveals how Indonesia now supplies over 55% of the world's nickel, crucial for electric vehicles and steel. The conversation highlights the geopolitical ramifications, with accusations of low-grade nickel flooding the market, impacting Western producers like BHP. Widmer also discusses the critical role of nickel in the green energy transition and the volatility affecting other metals like copper.