Chinese Nickel Firms Scout Africa Amid Indonesia Shifts
Tsingshan Group and Lygend Resources are exploring major nickel developments in Madagascar and Tanzania to diversify away from Indonesia. The shift follows new Indonesian policies on export controls and mining quotas that have unsettled investors and slowed foreign direct investment in the sector.
Xurve View
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Xurve View
China-based nickel producers are scouting multibillion-dollar projects in Africa and the Pacific to hedge against rising policy risks in Indonesia. Indonesia currently accounts for 60% of global mined nickel output, a 30% increase since 2020. This shift marks a major pivot for investors who previously relied on Indonesian low-cost production to dominate the global market.
