Indonesia limits Chinese nickel ownership for US tax credits

ft.com

Indonesia is seeking to limit Chinese ownership in nickel mining projects to qualify for US tax breaks under the Inflation Reduction Act. Currently, 80-82% of Indonesia's battery-grade nickel output is from majority Chinese-owned firms. The country, which produces 57% of global refined nickel, aims to negotiate new investment deals with Chinese companies as minority stakeholders to attract IRA tax credits.


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Indonesia limits Chinese nickel ownership for US tax credits | News Minimalist