According to the market news, the Indonesian government rejected to continue to cooperate with China on the nickel mine, and the US was the main reason.

The US government decided to spend RMB 420 billion to invest in Indonesia, which might cause a great influence on most Chinese steelmakers.

Although the storage of nickel in China was quite huge, even ranked number 8th in the world, the demand was still much higher than the supply.

Based on that, the decision made by the Indonesian government would affect the future steel trend in the whole world.