China's State-Owned Enterprises Absorb Indonesian Nickel Assets After Jiangsu Delong Bankruptcy
By
Madeline Field
Sesame, salt, and substance. A flagship bake.
Summary
The article examines how Chinese firms and state-owned enterprises, including China First Heavy Industries (a military-grade metals supplier for China's naval nuclear program), have been quietly absorbing Indonesian nickel assets following Jiangsu Delong's 2024 bankruptcy. It reveals a pattern of "control without ownership" where Chinese state-linked entities dominate Indonesia's mineral supply chains, particularly nickel—a critical component for stainless steel and EV batteries. The piece explores the strategic implications of China's party-business networks extending influence over Southeast Asian resource supply chains, raising concerns about economic sovereignty and geopolitical dependencies.
Key quotes
· 3 pulledChina First Heavy Industries supplies military-grade metals to China's military, including reactor vessels for nuclear submarines.
For a manufacturer embedded deeply in China's naval industrial base, securing nickel feedstock for critical supply chains represents a strategic imperative.
The pattern of 'control without ownership' allows Chinese state-linked entities to dominate Indonesia's mineral supply chains without formal ownership structures.
You might also wanna read
US Faces Strategic Vulnerability in Tungsten Supply Chain Amid Growing Demand
The article discusses America's critical dependence on Chinese tungsten production and the growing strategic vulnerability this creates. Tun
noleary.com·3mo ago
Peter Thiel Relocates to Argentina, Citing U.S. Concerns and Alignment with President Milei
Peter Thiel, the U.S. tech billionaire and co-founder of PayPal, is relocating to Argentina, partly motivated by concerns about the future o
nytimes.com·10h ago
Peter Thiel Relocates to Argentina, Citing U.S. Concerns and Alignment with President Milei
Peter Thiel, the U.S. tech billionaire and co-founder of PayPal, is relocating to Argentina, partly motivated by concerns about the future o
nyti.ms·13h ago
The Geoeconomic Cold War: How Economic Interdependence Became a Weapon of Geopolitical Coercion
The article examines the emerging "geoeconomic cold war" where economic tools like trade, finance, technology access, and supply chains are
stratheia.com·15h ago
Alberta's oil industry faces existential threat from China's renewable energy transition
The article argues that Alberta's oil and gas industry is overly focused on building pipelines as a solution to all challenges, while failin
nationalobserver.com·1d ago
Peter Thiel's reported move to Argentina highlights billionaires' growing trend of seeking residency abroad
Peter Thiel is reportedly relocating to Argentina, joining a growing trend of ultra-wealthy billionaires seeking residences abroad as a hedg
share.google·1d ago