Indonesia squeezes key EV material exports to spur local industry

Indonesia squeezes key EV material exports to spur local industry

Indonesian President Joko Widodo gestures as he talks during an interview at the Presidential Palace in Jakarta, Indonesia, February 1, 2023. REUTERS/Willy Kurniawan

Indonesia’s ambition to become a leader in electric vehicles is sparking friction with the rest of the world, as the country bans exports of critical materials in favour of attracting investment and fostering related industries at home.