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HomeBusinessChina built Indonesia’s nickel boom. Will it stay for the bust?

China built Indonesia’s nickel boom. Will it stay for the bust?

When PT Gunbuster Nickel Industry (GNI) began operating in North Morowali, it represented everything Indonesia wanted its nickel industry to become. Built with US$2. 7 billion in Chinese investment, inaugurated by then-President Joko Widodo in 2021 and designated a National Strategic Project, the smelter was supposed to prove that Indonesia could move beyond exporting raw ore The post China built Indonesia’s nickel boom. Will it stay for the bust? appeared first on Asia Times.

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