Almost all major business groups in Indonesia have been rushing to enter nickel, but we haven’t seen Salim Group doing the same, at least directly. Thanks to the rise of lithium ferro phosphate (LFP), nickel is no longer seen as the crown jewel of electric vehicle (EV) battery industry. The recent withdrawal of Eramet/BASF from an HPAL project to produce nickel for EV in Halmahera Island might only reflecting concerns over nickel’s future oversupply.To subscribe please click here