Aerial view of nickel smelters operated by Virtue Dragon Nickel Industry in Morosi, Indonesia. (Photo by Andry Denisah/SOPA Images/LightRocket via Getty Images)
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Indonesia’s nickel boom is fading but the Chinese technology which made it possible could soon start a similar surge of overproduction of the battery metal in Africa.
A flood of Indonesian nickel has been the prime cause of a collapse in the price of the metal which is also used to make stainless steel.
Going down. The price of nickel has almost halved over the last four years
