The U.S. and Europe have a nickel problem. The critical mineral is used in everything from batteries and missiles to electronics and steel. And yet, the two regions have struggled to mine and refine it largely due to permitting issues and waste concerns.
Indonesia and China dominate the refining process. Dig a little deeper, though, and it’s apparent that Chinese companies control around 75% of the nickel refining capacity in Indonesia, too, giving the country control of more than half the world’s supply.
