Is Indonesia planning OPEC-like organisation for EV battery metals?1 November 2022 – The government of Indonesia seems to be actively considering an OPEC-like cartel for EV battery metals. At the same time, the nickel export tax is being brought back into the race, while the Philippines is cracking down on illegal mining and export of the valuable metal. Nickel prices in Asia and Europe react accordingly. And stainless steel prices are reported to be rising in Asia in November. Source