Indonesia Nickel Mine
ESG fallacies, a double standard dirty secret of your lithium-ion batteries. Country in focus: Indonesia’s nickel mines.
Indonesia, with China in tow, now control world nickel markets with a 55% share of global supply and price around of the world. Two years ago, nickel was trading at close to $34,000 per ton, today’s nickel price is close to $18,000 ton. There’s a disconnect somewhere, correct? An option was recently put forward by other miner’s classify dual class nickel one clean, the other not. Well, that didn’t work out. The LME said no.
Indonesia is a massive archipelago separating the Indian Ocean from the Pacific Ocean and the crucial Strait of Malacca one of the busiest and condensed shipping lanes in the world will only become more so. 25,000 hectares of those mines are now scattered across the islands in specialized industrial zones. The islands have been assaulted with all the related activities & infrastructure way beyond just the mine.
For ESG enthusiasts, face reality your battery is not green. Follow that on the Battery Trail.
