RE:What's happening Doesn't help,that nickel prices took a dive over the last year,as Chinese miners figured out how to produce cheap nickel in Indonesia.They're destroying the environment to do it,so there is the belief that this can't continue and that other nations will start refusing purchases of Indonesia nickel.
https://www.theguardian.com/world/2024/apr/11/cheap-coal-cheap-workers-chinese-money-indonesias-nickel-success-comes-at-a-price#:~:text=Indonesia%20produces%20about%20half%20of,may%20leave%20the%20metal%20altogether.&text=Indonesia's%20recipe%20for%20success%20is,cheap%20workers%20and%20Chinese%20money.