Indonesia Consolidates Nickel Production to Feed Growing EV Battery Market
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Wednesday, February 19, 2020
Other companies with interest in nickel production include Honda Motor Company Ltd. (NYSE:HMC), which will be looking for more nickel as it increases its EV range.
Key Points:
- Other companies with interest in nickel production include Honda Motor Company Ltd. (NYSE:HMC), which will be looking for more nickel as it increases its EV range.
- Nickel is among essential minerals needed to produce batteries for the growing electric vehicle market.
- Indonesia, a giant in the production of nickel, is seeing both its economy and its global status boosted by the need for nickel in EV batteries.
- To support its plan to become a world-leading player in the EV supply chain, Indonesia has stopped export of unprocessed nickel ore.