07/18/2023 - Marko Papić: «Everything Is in Place for a Capex-Driven Commodity Super-Cycle»

“There are two countries producing nickel: Indonesia or Russia. That’s basically it. And Indonesia has already telegraphed its intention. They banned the export of raw, unrefined nickel and forced China to invest $20 billion worth of infrastructure to move its nickel production to Indonesia. Next, they’re going to ban the export of refined nickel as well, so other countries have to build their battery factories in Indonesia. And then, they’re going to wait another couple of years and ban the export of batteries, so the manufacturing of EVs has to take place in Indonesia too. That’s why I’m super bullish on Indonesia, they know what they’re doing. ”

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