Once again China is running rings around the West in the resource wars. Well, except for Elon.*
From AsiaFinancial, September 6:
An Indonesian nickel miner signed a big investment deal on Tuesday with China’s Shandong Xinhai Technology to build a processing plant on Sulawesi Island.
An Indonesian nickel miner signed a big investment deal on Tuesday with China’s Shandong Xinhai Technology to build a processing plant on Sulawesi Island.
PT Vale Indonesia‘s chief executive Febriany Eddy said the project, in Bahodopi in Morowali district, would cost around $2.1 billion.
“With this signing we can proceed and accelerate construction work in the field so it can be completed by 2025 at the latest,” she said during the deal signing ceremony....
....MUCH MORE
*Mr. Musk is not nickel and diming:
Additionally January 3's "Electric vehicles and the nickel supply conundrum: Opportunities and challenges ahead" links to Platts' analysis of what's what and who's who.
