Indonesia’s New Nickel Mining Rules Could Spark A Chinese Exodus

Indonesia's nickel mining boom is fading due to a collapse in the metal's price, which has almost halved over the last four years from $30,000 a ton to less than $18,000 a ton. The government has introduced tighter regulations, including reduced mining and export quotas, and higher taxes, leading to some mine closures and reduced operations. This has strained the relationship between the government and Chinese mining and metal processing companies, which are reportedly planning investments in other countries.