ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Nickel-rich Indonesia draws global suppliers of EV battery materials

BASF and Sumitomo Metal Mining tap world's largest reserves amid ore export ban

A worker at a nickel processing plant: Indonesia has banned the export of nickel ore to encourage companies to process the metal domestically instead.   © Reuters

JAKARTA/TOKYO -- From Germany-based BASF to Japan's Sumitomo Metal Mining, overseas companies are rushing to set up nickel-processing facilities in Indonesia as the country bans exports of raw ore.

Nickel is a critical part of electric-vehicle batteries, and Indonesia hopes to leverage its rich reserves to establish a domestic battery supply chain. But aggressive policies by the world's largest producer of the metal have also raised concerns over the negative impact of resource nationalism.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more