After conquering nickel, Indonesia sets its sights on aluminium
- Posted on April 28, 2026
- By Financial Times
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- 1 min read
Indonesia is expanding its dominance in the global raw materials sector by transitioning from nickel production to aluminum smelting. Chinese investors are funding extensive smelter construction projects, raising concerns about potential market oversupply and price pressures. This strategic shift reflects Indonesia's natural resource wealth and ambitions to control critical mineral processing, though industry experts warn of economic risks from excessive capacity development in the aluminum sector.
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