Indonesia's bid for EV nickel supremacy is doomed to failure


Source: afr.com afr.com
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"I can walk into a showroom in Shanghai today and for roughly $US50,000 [$75,750] I can buy a ZEEKR 001 that gets me 1000 kilometres range and can be recharged in eight minutes," said Ken Hoffman, head of battery materials at McKinsey. None of this was on the radar screen when Tesla's Elon Musk issued his plea for "more nickel" in July 2020, offering giant long-term contracts to any mining company that could meet the parabolic rise in demand expected by the late 2020s. Indonesian President Joko Widodo was already a step ahead, but with an entirely different idea in…