Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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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.
