Nickel export ban: Will the EU cave in to Indonesia?6 June 2024 – Does the EU have its back to the wall on nickel? According to Indonesian media reports, the EU appears to be slowly caving in to the Indonesian nickel export ban, leading to the suspicion that it is desperately seeking suppliers and other sources are threatening to dry up. And China imported more than 32% more ferronickel in the first four months of 2024, while nickel ore remains in short supply. Source