The proposal was made when Indonesian Investment Minister Bahlil Lahadalia met Canada’s International Trade Minister Mary Ng on Tuesday on the sideline of the G20 summit in Bali.
The minister raised the prospect of trying to “coordinate and integrate nickel policy” like the Organization of the Petroleum Exporting Countries (OPEC), the group of 13 oil-producing nations that often determine global output, the statement said.
Bahlil previously raised the idea of such a grouping in an interview with the Financial Times last month, though at the time he said Indonesia was still formulating a structure and had yet to approach other nickel producers.
In Wednesday’s statement, Bahlil said a group of nickel producing countries could make sure that they get an optimal return from the electric vehicle (EV) industry, accusing countries where EVs are made of conducting protectionist trade policies.
“Through this collaboration, we…
