
Indonesia's Nickel Smelters Face Shutdown Amid Battery Material Surge
In a striking turn of events, Indonesia is experiencing a significant transformation in its battery material industry, leading to the closure of numerous nickel smelters across the nation. This shift is primarily driven by the rapidly increasing demand for battery materials, particularly in the electric vehicle (EV) sector, prompting a reevaluation of how the country utilizes its abundant nickel resources.
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US Graphite Companies Push for 920% Tariff on Chinese Imports to Protect EV Material Supply
In a significant move to safeguard the domestic electric vehicle (EV) industry, American graphite manufacturers are advocating for a staggering 920% tariff on imported graphite from China. This initiative aims to counteract the monopolization of crucial battery materials and maintain a competitive edge for U.S. companies engaged in the EV market. The steep duty recommendation is rooted in the escalating concerns over supply chain vulnerabilities and nationwide reliance on foreign graphite resources, particularly those originating from China.
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