China warns Indonesia nickel curbs put $50 billion at risk (opens in new tab)

China criticized Indonesia’s investment climate after Jakarta tightened control over its nickel industry with new rules, production quotas and export oversight measures, according to reports citing a letter from the Chinese embassy in Jakarta to Indonesia’s Ministry of Energy and Mineral Resources. The dispute centers on Indonesia, the world’s largest nickel-producing nation, and China’s large role in a sector that supplies materials for electric vehicle batteries. The Chinese embassy warned ...