So you mad because only China interested to actually invest in Indonesia for it Nickels, while the US and Europe only want the raw materials not the Investment?
Indonesia invited everybody only Chinese come and invest lol....now Indonesia (and chinese companies) are reaping the benefit..then EU got mad. Suddenly their steel are less competitive than Indonesia. So they start a trade war with Indonesia, VOC mentality die hard. They want to keep Indonesia and other third world country exporting cheap raw material, and then sold higher value products back to them.
It's fascinating how land clearance in developing countries is called "deforestation" but land clearance for agriculture, commercial, and industrial projects in the West *isn't* viewed as deforestation and habitat destruction.
true. westerners hate it when Developing nations use their land and resources in getting richer bc countries like the US don't want developing nations to become advanced and developed
because Indonesia isn't as compliant in terms of environmental impact analysis and there's little real consequences for companies that actually destroy these forests. how much AMDAL research was done for our new capital, compared to an average apartment in the west?
These Western people keep pushing Indonesia to the corner, everytime we want to developing something or seeking some hope to our future. We must stand against these once and for all...
Yeah they mentioned chinese often...sure but Korean also invest in Indonesia. LG and Hyundai invested, brazilian Vale also invested. VOC Kompeni mentality....
However, Indonesia is suffering from excessive reliance on China, as it is not included in tax incentives such as the IRA in the United States. Indonesia has recently been in talks with multiple investors, including Japan and South Korea, to reduce investment from China.
@@teukukalkausarfird4037If you want to talk about China, then also talk about the others too. Otherwise it is hypocritical, and people will hate you for it. I mean, don't you notice the growing popularity of de-dollarization?
@@ファンp it's not reducing, from the very beginning Indonesia already open for investment to anyother country including Europe and USA.. Only China want to abide to Indonesia rules and built smelter.. The European just want the raw only, and protests it by bringing it to WTO. Japan and Korea already mining nickel in Indonesia before and they want to continue by abiding the laws to build the smelter..
What a well paid propaganda by the west. I’m Indonesian and have met with so many local people that lives in the surrounding area of this nickel mining, smelter or factories and most of them are happy with the Chinese investment and the jobs they created.
From the beginning of the video I was wondering why US media suddenly became so concern abot Indonesian people. They made 17 min paid report to promote a US company by putting chinese company in bad light. No one does better propaganda than western media.😢
@@rnrxt-og1ixsaya orang asli Indonesia, menghormati China yang mau ikut membangun Indonesia. Keturunan Tionghoa di Indonesia ikut membanggakan Indonesia saat ini, berkat kerja keras bersama. Saya harap Indonesia maju seperti China, meminimalisasi kemiskinan. Dimana-mana pasti ada pengkhianat, kita hanya harus lebih bijak agar tidak termakan propaganda. Adakalanya barat akan memfitnah Indonesia di China. Semoga tetap bersahabat.🇮🇩🇨🇳.
Indonesia has helped the USA to manipulate the global gold index, thanks to Freeport McMoran. So it is fair now Indonesia helps China. Indonesia is not my country.
So sad watching this on CNBC The truth is Indonesia open for investment for every country, tbh Indonesia desperate for it (investment for together handling nickel). China so fast dip in to it, with Indonesia agreement & rules, but western want other ways. Now their crying cause China dominating Indonesia Nickle. . . 😮 Another example, Indonesia government come to the point looks like salesman (I'm seriously) even president & ministry meet Elon Musk begging for their Investment in Indonesia. But Elon Musk chose to not (strangely) And now their complaining China dominating Indonesia nickle 😮 & now they banging Indonesia, with classic environment propaganda. It's all about regional power. Cause world predict nickel is future, and it can bring Indonesia to be as strong as oil producer countries.
In fact, Indonesia hopes for a lot of investment from Western companies for nickel processing in Indonesia. (to balance the dominance of Chinese investment) because Indonesia is not able to do it alone (for now). Unfortunately, the West wants the old way (their only way and rules) and even forgets that this is Asia, not Africa. Indonesia has been gripped by the West with the bad memories (Freeport gold mine, at Indonesia). Are they're think this Asian country will make the same mistake? Not Africa you can playing your same card again & again. The disrespectful level is insane.
I think the video is focused on Indonesia's lack of regulations and lack of protection of environment. It's not about China's investment. Softbank also pulled out as one of lead investors in development of the new Indonesian capital, because of Indonesian governmental interference.
Indonesia : I want you Guys to take part in building our nickel industry China : Okay I will invest huge $$$ to build processing plants. European Union : Nope!!! We don't wanna take part. You have to export your nickel ore in raw form. If you do not comply, we will bring this case to WTO. Indonesia : Whatever, EU .... I don't give a F. Okay China, I welcome you to join in. EU : "China took over Indo nickel industry" Indonesia : Hypocrisy runs so heavily in your blood, doesn't it? Not even a century has passed, and you already try to colonize me AGAIN?
@Booz2020 dont come if you dont want dont come.. as simple as that. Also don't buy electronic stuff that source your battery from Indonesia.. were good without you..
When western lose their market, they always looking the dark side their opponent. Same with palm oil black campaign causing deforestation, while they never mention their vegetable oil industries even worse than palm oil. When western have advantage from indonesia nickel ore, they keep silent. But when indonesia ban nickel ore, suddenly they talking environment. When western talking about clean nickel. Indonesia ask them to come to indonesia to invest and make clean nickel here. Please tell us how to make clean nickel. But what happen? No,,, they would not come. Indonesia never planning to make china dominant here in nickel smelter industries. The problem is western don't want come here. They, the western is looser who just keep yelling when they are loose their money in international competition. CNBC should mention this. Western nickel mining and processing is out of date a decade, compare to chinese. That is why they always looking the dark side. NO ONE OF MINING I THIS ENTIRE WORLD IS ENVIRONMENTAL FRIENDLY, EVEN IN WESTERN COUNTRIES.
And what does it mean than? Should the western join the chinese approach and also start mining. I think we all should move in the opposite direction 😂 instead of start together a race to the bottom.
Western companies don’t want to come to Indonesia because your country is corrupt and is why Chinese can do it and pollute your country. Clean company cannot compete with your companies polluting your country and your politicians allow it.
Says the person not living beside a nickel mine or refinery😂. If only we can interview those orang hutans thats living on the Sumatra rain forest... Oh wait they just went extinct😮
Back then the Indonesian Government invited the world to invest in the smelting/refining industry in Indonesia. But only China and S Korean companies responded... Today the west are on the bitter side. wkwkwk.... Not only Nickel, Indonesia also big on Manganese, Cobalt, Copper, and Tin... and coal.
We move on, simply as that most people do know mining is detrimental to environment but so what? It can give more value to more people. That's the prices for development. If there people or country who scream environmental problem then they can come to Indonesia, sit together with government, give COMPREHENSIVE REAL SOLUTION, help with funds, technology and human resources if possible. Talk is cheap. This kind of problem is similar to most developing country must face on many sector not limited toward mining.
Nothing is preventing western companies to build sustsinable and environmentally friendly nickel processing plant in Indonesia. It's only China who's willing to invest
As an African who studied this matter, I disagree with what you said. We, Africans, shouldn't stop exporting raw materials for value addition, we should just trade them for the highest bidder to improve our education and already existing potentials, like agriculture. Without having educated workforce with the capital needed, how do you expect us to process anything in the first place? Plus, who said that the problem are corporations and foreigners? The classic boogeyman of the government to the ignorant people? Haven't you seen how other countries establish sovereign weath funds and develop well? The whole problem here is that the government is the one who get to decide how to use that money earned, so no real development happens. I really disagree with how the government imposes royalty payments on resource extractors in exchange for monopoly rights. I personally believe that the government should not take any royalties, and no extractor should have exclusive rights, everyone should be able to extract, compete and collaborate freely at least
Yea then the coal mines that process these raw materials will dirty up africa. Africa doesn't have the money now the allies to do it to compete on the global market.
@@Omer1996E.C What if the highest is a rip-off? They should export processed materials. Do you think raw materials is end for African mines? How, you ask? Like how everything is done, thinking forward and build for a great future. Too many people in Africa focus on immediate gratification and forget about the future. There's demand and we have the supply, that's just economics. Of course, there are many other factors but this is a start.
Indonesia has a bad domestic policy, they make gambling illegal. Every year Indonesians gamble in Singapore, Malaysia, Cambodia, spending money equivalent to India's military budget. Indonesians have ambition but their economic knowledge is very poor... they won't be a big country.
We have similar problem in Serbia, but our problem is western based company called Rio Tinto. Unfortunatly since they are westerners, we won't recieve media attention in our battle. Even German PM, came few days ago with german carmakers to pressure and sign deals with our government giving EU prefered conditions. They don't care that most of citizens are against it, since we are aware of how lithium is beeing dug, and we are aware of Rio Tinto's history. In heart of Europe we will get dirty mines that will polute our water and destroy our lands, locals are fighting against it, even 2 years ago when whole country protested governemnt decided to stop it, but changed it's mind after elections and after EU pushed a bit. EU doesn't care about regulations, health or greeen energy if it's not strictily in EU, that's why they don't mine lithium in their countries that way. I would like for CNBC to come to Serbia and make a small documentary about it, even tho it's against western company.
@@ardi08 just small amount, they just selfish, only cared about themselves and do not want to change their fate nor their living condition. Why should i care? The government already give them big amount of money to move and yet their miss the opportunity. Who needs to blame? Sorry to say kid, but i had my own obligations about this hilirisasi mining stuff, i'm invested in this and my money in there. I'm not pro-government but i'm pro of sensible things. About the environmental damage, the westerners just a bunch a denial people, they also do environmental damage more than we do since our independence. All things have advantages and disadvantages, they always making propaganda to hinder our progress. Indonesian people always be a prejudice. SMH 🤦♂
@@ardi08 nah memang harus di berikan perhatian lebih ke orng lokal, tp emang media nya lebih pro kebarat. Isu lingkungan selalu muncul saat mereka kalah saing, semua media, lsm, dan aktivis lingkungan barat kompak bersuara. Kemana mereka saat hal itu menguntungkan barat? Misal mibyak sawit ramai" mereka boikot pdhl mereka pakai sunflower oil dimana untuk menghasilkan kuantitas produksi yg sama membutuhkan 5x luas tanah dr sawit. Bayangkan kalau semua negara pakai sunflower oil, bs gundul semua tuh hutan
@ardi08 Iya, saya ga menyanggah bahwa ada kerusakan lingkungan, dan itu memang HARUS diperbaiki, bahkan kalau perlu didenda atau disanksi Tapi to be fair aja, tambang² milik barat jg bikin kerusakan toh? Cuma bedanya mereka udah beroperasi terlalu lama jadi warga lokalnya uda terbiasa
Sulawesi and eastern part of Indonesia now is one of the highest GDP increased in the region. CNBC is unfairly interviewing people who only don't want to change their life to a better one... In fact, the government had encouraged Tesla to come earlier before the Chinese, look what happened now to see Chinese EV surpasses Tesla dominance in the world market. First Come First Serve dude..😂
@@muhammadrayhanarifinsyah5834 Komen negatif mulu lo dimana2. Pengangguran lo? Kata2 dari VOC ini cocok buat lo “Dog and inlander can’t enter”. Dasar mental inlander
Western countries like the US, canada and Australia has among the highest per capita carbon emission in the world. I don"t really understand why since they hardly produce anything.
Because we buy more things and consume more energy per capita than developing nations. ACs, fridges, more cars per capita, more traveling on a daily bases, more vacations to different parts of the world, more meat consumption, and we are huge agricultural producers.
@Khyberization , I live in a country with a per capita GDP higher than yours. But we trying hard to reduce carbon emissions. I eat more veg than meat, I minimise air conditioning usage and I try my best to recycle.
@PranicEnergy Above us are only oil producing nations, some islands that have to import a lot, and Australia and the US. Canada uses a lot of hydro. But we are a big oil producer, and so is the US. Meanwhile Indonesia is 118th on the per capita rankings. Per capita they spend 1/7th what Canada does. Spending isn't the issue, it is where we spend. China spends and they are doing great. It is probably a fundamental problem with democracies and long term planning.
CNBC, can you also make special report on Freeport who is extracting Indonesia Gold and copper for decade and what is the impact to West Papua people and environment.
👆Komentar jawir dari kamar kost yang ber AC di Jawa yang ngak pernah liat langsung dampak lingkungan di Indonesia timur, jawir² ini hanya peduli ego mereka dan ngak peduli sesama rakyat indonesia.
bertahun-tahun kami menawarkan nikel kami ke EU. tapi EU hanya menganggap nya omong kosong, tapi sekarang china membuat lapangan pekerjaan untuk masyarakat kami, kalian komplain. EU bodoh.
Barat ingin kita tetap berlumpur dan tidak membangun apapun 😂 Mereka ingin menjadi negara maju hanya bersama kelompoknya saja. Ayo eratkan persahabatan kita dan biarkan barat sibuk dengan berita bohongnya. 🇮🇩🇨🇳.
This happened because western countries did not want to comply with the terms of Indonesian nickel cooperation😂 Most of the Indonesian resources is taken out of the country, and the profits for the country itself are smaller. This is detrimental to their country and only benefits other countries. This is why the Indonesian government made terms that investor who want nickel from Indonesia, create their companies there. This could open up job vacancies and advance Indonesia's economy and technology. Luckily, China is willing to comply with these terms and western countries only blame Indonesia for this Also, sorry for my english, im still learning
Indonesia has helped the USA to manipulate the global gold index, thanks to Freeport McMoran. So it is fair now Indonesia helps China. Indonesia is not my country.
Actually EU and the US refused to comply to the Indonesia's request and brought the case to WTO. But China, Korea and Japan complied and built factories in Indonesia.
Indonesians don't mind Tourism, but they aren't just targeting Americans. That's just something Americans dreamed up. Stop speaking up for Indonesians.
Don't bother tellling the reality bro, even though it's 2024, their mentality and way of thinking is still stuck in the 1800s colonial era. They shamelessly still exhibit these hypocritical attitudes towards us in 3rd world countries-it’s not even funny. These are the same folks who loudly opposed Indonesia’s raw nickel export ban and refused to invest in the Indonesian mining sector like China did, only to spout nonsense like, "What we don't need is cheap and dirty nickel." Seriously, if that’s the case, why didn’t you invest there to build your "superior, cleaner, ethical" (and most importantly) more profitable nickel mining sector instead of leaving it to China? Instead, they whine through propaganda videos about how detrimental Chinese investments supposedly are for ordinary Indonesians. It’s clear they’ve lost the initiative and just can’t compete with China anymore. 🙃
Poor research, you are commingled between nickel mining and nickel processing. Nickel mining in Indonesia is not controlled by the Chinese, a big portion is still controlled by Indonesian tycoons, Vale, France's Eramet and an Australia-listed company. The Chinese dominance is in several industrial parks that Indonesia govt carved it out to the Chinese to process these ores.
@@eddyr1041 and also about the coal-fired "dirty" nickel. 70+% of thermal coal mined were exported to China, India, Korea, Japan and Taiwan. So this is the same carbon footprint otherwise will go to electricity generation in these countries
@@champan250 yeah... you can see that by indo powerbgeneration... coal based . It does contribute to air pollution that is quite bad especially their mega polis jakarta surrounding and java commonly... Indonesia is such a big coastal area, they should hv asked china to build solar and wave power instead
As papuan though not from Mimika, honestly no report of the massive landfall waste resulted from them dumping in the river. Its more apocalyptic than in Sulawesi actually, you can even see it from space thousand of kilometers. Typical western hypocrisy, they don't want Indonesia to suceed.
85% of Indonesian mined nickel goes to making stainless steel, other alloys and nickel plating. Of the remaining 15% around 1/2 goes into small disposable batteries, phone and laptop batteries. Somewhere in the order of 7-8% ends up in car batteries. Absolute BS reporting to try to claim that China's EV industry is fuelling nickel mines in Indonesia, try at least a little to do SOME research on where the nickel ends up before posting idiotic stories like this.
that's the actual ambition of the government though. they WISH they could make a downstream of a nickel industry into EV. they WISH to enter the global EV supply chain through value added, they WISH to have a say in the growing EV industry. But yea, like you said, it just ends up in stainless steel and other low value industries.
@@TB-up4xi also Indon Govt threatened Tsingshan with the nickel pig iron ban, which led to Tsingshan built all the steel and stainless steel capacities within IMIP.... Export sales of these are required to deposit the USD income into Indonesian banks and the country's banking system is now flooded with money
The miner itself have a lot more companies though some are western like eramet, some australian companies, and vale if u consider brazilian western. LG also involved in processing.
Belum terjamah aja sama SDM rendah yang selalu serba salah dimatanya, mereka masih di habitatnya yang selalu memenuhi kolom komentar di cnbc lokal. Belum lagi ditambah netizen dari negara M yang selalu nimbrung... Hasilnya buuuummm komentar yang asal nyablak 😂
@@PangkalanMiliter50terima sja kritikan org luar .ngara di perintah jawir susah mau maju kerana rakyat nya bodo sukar terima fakta..bnyak korupsi pula
👆Komentar jawir dari kamar kost yang ber AC di Jawa yang ngak pernah liat langsung dampak lingkungan di Indonesia timur, jawir² ini hanya peduli ego mereka dan ngak peduli sesama rakyat indonesia.
👆Komentar jawir dari kamar kost yang ber AC di Jawa yang ngak pernah liat langsung dampak lingkungan di Indonesia timur, jawir² ini hanya peduli ego mereka dan ngak peduli sesama rakyat indonesia.
@@noefvon you don't get my point, indonesia timur dibangun sampe banjir bandang di Halmahera yang tinggi banjirnya sampe ke atap rumah karena di hulu ada penambangan nikel, LUAR BIASA 🤣😂🙃, TOL*L²
Blok...di jawa juga ada industri penambangan minyak, gas dan tidak kalah juga tambang emas terbesar no 3 di Indonesia...tp gak pernah tu orang jawa maki2 orang luar jawa@@madilauliaaa589
Nothing's preventing western companies to build sustsinable and environmentally friendly nickel processing plant in Indonesia. It's only China who's willing to invest 🤔
Indonesia the Saudi Arabia of nickel.Nickel is becoming the new oil for electric cars.China agreed to build smelters in Indonesia while the US refuses to do it fearing making Indonesia a new economic power that will challenge the US.This is the real reason the US is reluctant to invest in Indonesia.But the US will gladly sell Indonesia second hand weapons that the US is phasing out at rediculous price and claim its good weapons 😂
Nickel is hardly the new oil for EVs , since the next generation of EVs will be increasingly based on LFP batteries which uses far, far lower quantities of nickel. BYD and Tesla are ahead of the curve here, and legacy manufactorers the ones still relying the most on NCM battery tech. Tesla isn't free from reliane on NCM tech in its long range cars, but its mass-marketed models increasingly rely on LFP-battery chemistry. This video is funnily enough increasingly outdated for every passing moment after it was aired. But this is ofc an American mainstream media owned by private interests, so generally speaking, they have clear financial incentives to say everything they do and cannot be expected to be based on objective information.
China implements cooperation between countries and mutual benefits, while the US and the European Union implement a imperials system for their own benefit. 😂😂😂
When in 1967-2024, Freeport McMoran (US) mined gold and copper in Papua, there was no negative news in the foreign media. Even though 3,000 tons of their tailings polluted the Ajkwa River in Timika, Papua. And thousands of local indigenous tribes suffered. Meanwhile, when Chinese companies mined Nickel in Sulawesi, the foreign media were very enthusiastic to making negative news. And they never reported Indonesia's benefits from the Nickel mine. For Indonesians, news reports like this are just Western propaganda.
Indonesia has helped the USA to manipulate the global gold index, thanks to Freeport McMoran. So it is fair now Indonesia helps China. Indonesia is not my country.
@@remix-yy1hs materials to Evs = materials to military equipment like the F-35s. And the pentagon sits there and funded a mine in california to supply china the raw materials. This is beyond stupid
Increasingly, China is moving to LFP batteries. I am not saying an EV with an LFP battery uses zero nickel, but it certainly utilized minute quantities of it compared to cars based on NCM-battery chemistry. EVs are a changing field, and the resource consumption of making them a moving goalpost.
Indonesia creating downstream policy for mineral ores EU & US: challenging and trying to crush this policy China and other asian countries: Investing in Indonesia to build smelter That's how indonesian mining industry have closer ties with china and other asian countries
Only looking from one side so that they suspect one party. Indonesia wants its nickel industry to have added value. It is not only Europe and America that can advance their industries. Europe and America have been invited to invest in Indonesia's nickel industry. Now the companies that will and have invested are China, Korea, Japan, Canada and France. You're just accusing.
So much salt in the video. China saw opporunity and took it. EU did ... nothing and lost. It sucks to be at the bottom of the economic ladder for Indonesia. It sucked for China and everyone else too. That too shall pass in time. Good job on requiring investment in the country, that's the way..
Indonesian here, the reason why Indonesian gov partnered with China because Chinese companies are the only ones willing to open smelting factories in Indonesia. Indonesia has enough of western mining companies extracting our resources and bring them to the west without leaving any scraps to us. So the government want companies to build refining in Indonesia, creating jobs for our people. But western companies refused to do that, only the Chinese are willing. As for pollution, western mining companies are not any better, just look at what Newmont did to Indonesian waters, or Freeport, who literally demolished whole mountain, and now is in its second phase, digging a giant hole out of the flattened mountain to extract the resources. So please, get down your high horse.
Indonesia wants to transform from an agricultural and service country to an agricultural, service and industrial country like China. Indeed, Indonesia does not have the technology and infrastructure needed, but Indonesia has the main supply chains in the world as industrial raw materials. When Indonesia tried to transform into an industrial country, it turned out that the main enemy was European countries, because indirectly when the Indonesian government stopped exporting raw materials to Europe to supply industry in their factories, it was the same as quickly killing factories and smelters processing raw materials, so that forcing massive industrial job cuts in Europe. when Indonesia asked Europe for help to help build a raw material processing factory in Indonesia rather than exporting it to Europe and was rejected, then Indonesia's main choice was China as Europe's political and economic opponent, however Indonesia is a neutral country, not accepted by the G7, so turned to China for help. So who is not at a loss? Yes, Europe itself is at a loss, paving the way for China's industrial expansion in Indonesia, Indonesia is also not at a loss, because of China's investment in Indonesia by helping to build smelters processing raw materials and realizing Indonesia's hopes of becoming an industrialized country.
@10:27 Nothing makes my day like American and Australian media telling us the Chinese are displacing indigenous people. 😂 Gosh, do you even know what the term means? Have you no shame?
Indonesia has helped the USA to manipulate the global gold index, thanks to Freeport McMoran. So it is fair now Indonesia helps China. Indonesia is not my country.
This is wrong, Indonesia need to export to get money to educate their people and produce capital goods. After all, without an educated labour and capitals, how will Indonesia move up the value chain? First, it starts with exporting, it's trade with consent, not exploitation
Indonesia invest in the downstrreaming industry... from the mining to smelting/refining, to Batteries manufacturing, to the EV (Car/motorcycle/eBike,etc) manufacturinng, and also the recycling facilities (batteries recycling & car/motorcycle recycling)... all the minerals are use in this industries not for exports. like you said the move up the value chain.
this review very one sided and steering opinion... why not also mention the impact of economy of investment inflow from smelter building and manufacture factory for the local people of indonesia? western people always act like they are saint from heaven and never review their country first !!
Indonesia : we don't sell raw nickel Europe/america : china takeover Indonesia, not environmentally "FRIENDLY" , bla bla bla China/korea : yeah we invest in Indonesia We don't have money to process "ENVIRONMENTALLY FRIENDLY" that's why u need invest it Not only buy cheap raw & leave Indonesia behind
Indonesia has learned from the American company's Copperpura gold mine... wherever there is an American or European mine, in that location there will definitely be uprisings... in the end they ask for an American military base to be built for security reasons. 😅
One of the logic reasons Why western companies do not want invest in indonesia nickel industry is Competition from Chinese Investors: Chinese companies have been aggressively investing in Indonesia's nickel industry, often with substantial financial backing and state support. This has made it challenging for Western companies to compete on the same scale. that's why western companies cannot compete with chinese money who's backup by state support.. i doubt any company in the world who can compete with chinese state support?? even tesla or apple invest in indonesia they cannot compete with chinese money state support who can pour unlimited money in indonesia and produce cheap nickel from indonesia..
@@ME-xc1st they not come with free money isnt it? Theres must be the reason why US govermnent pour so much money into war, every government in the world not just pouring money to another country for charity. defense industry lobbying, another deal under the table with israel and ukraine.. only elite politian knows about that. We ordinary people can only guessing.
I remember working in commodities when Indonesia first put this ban in place. Believe FreeportMcMoran may have even tried to sue the gov’t. In hindsight this was a strategically great move, albeit the internal challenges in the short term. It’s no secret that it’ll take time for economic gains from higher value products to trickle down in Indonesia. They’re improving but are still weighed down by a history of corruption, as with any “resource curse” nation.
This report of CNBC is biased. They should interview also those people who are happy with the mining plants coming to their towns and villages. How much gained and how much loss in term of Rupiah, prosperity, social impacts and environmental damages should be presented in balance. It was not done by CNBC. Then how can I trust this report?
The nickel mines here in Australia have been put into mothballs,miners layed off.The Indonesian are correct in doing some value adding to their resources.their resources in the end.Australia simply puts dirt on boats heading to China. Mine rehabilitation is a costly business that the big miners manage to avoid without a very strict bond system.In Australia abandoned mines leaking toxins,acid mine drainage,are politely called legacy mines.The taxpayer has to pay for a degree of remediation with a bit of levy on new mines to help. Good luck Indonesia.
from the video, i can see others don't want to pay what the Indonesian government for and try to ban others to invest there. at the end, they may be able to pick up by their terms? interesting.
I hope CNBC create documentary for western company in Indonesia also exclusively "Freeport". The history how it was build and the deal in 1960 and ofcourse about how "environment friendly" that company is
12:00 Nickel mining does not use chemicals, not even water. It is as simple as hauling the soil. It is Refining that requires coal(fuel) and chemicals. This part pollutes.
@@arifsoetanto7533 I am in the mining industry here in Philippines. We literally haul the whole mountain into barges and ship them directly to China. It is CHEAPER this way than to clean the ore locally before shipping.
On the other hand, China is building more renewable energy plants, such as fusion power plants, concentrated solar power, wind turbines, and so on. They don't want to get their hands dirty, and keep pushing Indonesia to continue doing dirty mining. I know that westerns want to against Chinese industry. But the Indonesian government should also be encouraged to improve its industry to become a cleaner industry.
Indonesia try to balance investment from west and east. LG(japan),hyundai(korea),vinfast(vietnam),bosch(germany),ford(US),BYD(china) all have nickel processing factory in Indonesia. It's open to every country.
Indonesia has helped the USA to manipulate the global gold index, thanks to Freeport McMoran. So it is fair now Indonesia helps China. Indonesia is not my country.
It's not thrown into the sea, it's already been made into a dam by the government, if you want to mine nickel in Indonesia, just build a factory in Indonesia, always open, China, Korea have nickel factories in Indonesia.
US & Europe said the mining destroy the environment, but mad when they can get the raw material. Then indonesia gov ask them to build refenery, but none of them invest. Then blackmailing and said the mining process is harmful, THEN NOT HARMFULL WHEN YOU CAN BUY THE RAW MATERIAL FROM INDONESIA? 😂
Why talk about this in relation to EV and car companies? the same video tell us that is a small percentage of the use of the mineral. Steel industries or the military are the ones with the biggest share of this market and the ones that could push the mining companies towards different practices or standards
The objective of this report is very clear that there are "great environmental issues" with nickel local mining & refining while facts reveal that: -Indonesia banned nickel raw material export 😊 -Local refining reduces cost from 50k to 16k which cut EU&US heavy profits -Chinese monopoly is hurting EU & US😂
I love these videos. Whereas I understand the emphasis on how it impact the United States, the 2-3 sentence about ex-US impact are too small (i.e., Australia and Brazil). I would love to see a bit more in most of the videos in the impacts affect various regions).
Look up the Kalgoorlie Nickel Smelter. It’s about 4 hours north of where I’m from - they’re shutting the plant down due to low nickel prices. A lot of jobs are going to be lost in November.
China no longer subsidies EVs, it's a master class of how to foster a competitive industry. It is a deliberate state led policy with specific time frame and final outcome in mind, not dissimilar to Indonesia's industrial policy on nickel, they wanted a domestic nickel industry, they wanted to move up the value chain, they needed foriegn technology transfer and know how and they invited foreign partners with clearly laid out terms. I say good for Indonesia, they know what their stuff is worth and they held out for the right price.
They yelling cobalt, nickel, magnesium, lithium etc. demand will "skyrocket" because of demand for EVs...but i dont see myself buying EV until infrastructure and range is fixed which could take decades.
Itu simple.. Indonesia tidak ingin lagi mengimpor bahan mentah seperti yang dilakukan perusahaan tambang negara barat menambang emas tembaga perak di indonesia dan mengirim bahan mentah ke eropa usa untuk diolah di negara mereka.. Dan china setuju investasi perusahaan agar diolah dulu di indonesia sebelum di ekspor ke negara china
The Indonesian government is currently working to reduce Chinese investors' ownership in the nickel industry to below 30%. This policy aims to diversify the market for Indonesian nickel, making it available to countries beyond China, such as those in Europe and the US. To achieve this, the government encourages companies from the EU and the US to take part in ownership in Indonesia. This policy shift has understandably upset Chinese companies, who feel betrayed by this move. My opinion is they are primarily focused on securing nickel for themselves at a lower price, rather than sharing resources with others. As a result, Chinese companies are considering halting further development of nickel facilities in Indonesia, which could hinder the industry's growth in the country over the next 3-5 years.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that FX and bitcoin is one of the most profitable money exchange services that elevate investors and their financial status.
