Report: Indonesia Wants Critical Minerals FTA for EV Credits
A senior official in the Indonesian government told Reuters that his country will ask the U.S. to agree to a mini trade deal for critical minerals, such as the one it granted Japan, so that Indonesian nickel can qualify under…
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a content threshold for friendshored critical minerals. However, the Japan deal requires no export restrictions in the sector, and Indonesia has blocked nickel exports in the past. Also, Indonesia's processing industry is intertwined with Chinese companies, and the Inflation Reduction Act explicitly is designed to cut China out of the electric vehicle battery supply chain.