Nickel reserve in Indonesia

Syllabus: Distribution of key natural resources across the world

world’s largest nickel reserves

22 percent of global reserves

Reserve – Indonesia > Australia > Brazil

Producers – Indonesia > Philippines > Russia

Ni used: stainless steel, Ev batteries

Expected to account for roughly half of global supply growth through to 2025

Resource nationalism –

Waters, land, and natural resources of the country are controlled by the state and must be used for the benefit of the people – ban the export of mineral ores – active persuasion for foreign investments in processing plants and smelters – adds value to the country’s commodity reserves.