Indonesia's become the largest recipient in Southeast Asia for EV-related foreign direct investment. The massive nickel industry certainly has played a part. Read more here ➡️ www.lowyinstitute.org/publications...

Indonesia's downstreaming relied on export bans, nationalisation of mineral resources, foreign technology and huge tax benefits. This absolutely created an FDI boom into smelting operations for nickel and steel. But not for any other metals...read more ➡️ www.lowyinstitute.org/publications...

Indonesia's nickel industry has created some insane growth rates for local districts that built nickel smelters - over 100% in some years. Despite this intensive growth, poverty reduction did not follow. Read more here ➡️ www.lowyinstitute.org/publications...