Indonesia has spent a decade trying to turn its mineral wealth into something more valuable than raw commodity exports. The strategy is ambitious: restrict raw nickel exports, attract investment, build processing capacity and move downstream into electric-vehicle (EV) batteries that will power the next generation of transport and energy storage. China is central to the […]

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Zhong Zihao, 20, has heard that the area around Chijian Lake, in southeast China, was farmland before the rice paddies gave way to factories. It is hard to imagine that landscape among the industrial sheds, bridges, roads and buildings that now rise on the reservoir’s shores. Zhong knows his hometown used to be one of the poorest and least industrialized corners of Fujian province, but now, he says with pride, “when I introduce myself, I only have to say I’m from Ningde, the CATL place.” “For a small town to be remembered because of a company is a huge boost to local confidence,” he says.

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