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Indonesia is studying the establishment of an Opec-like cartel for nickel and other key battery metals, highlighting the geopolitical confidence of nations that are rich in resources needed to make electric cars.

Indonesia is the world’s largest nickel producer, generating 38 per cent of global refined supply, according to consultancy CRU. It holds a quarter of the world’s reserves of the metal.

Read more at: https://www.ft.com/content/0990f663-19ae-4744-828f-1bd659697468