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ARMED with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle (EV) industry, which uses the metal extensively.
Next up is the mammoth Tesla, the world’s most valuable automaker. President Joko Widodo has pulled out all the stops to convince CEO Elon Musk to manufacture electric vehicles or batteries in the sprawling South-east Asian archipelago.
“I’m very confident this industry will grow quickly, will grow very fast,” the president, popularly known as Jokowi, said in an interview last week.
Jokowi banned exports of nickel ore in 2020, but allowed export of higher value nickel products — forcing companies to process and manufacture onshore.