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Nickel workers powered the EV battery boom. Now, layoffs have hit.

INDONESIA, JUL 23 – Indonesia Morowali Industrial Park employs over 120,000 workers but faces layoffs as electric vehicle makers shift to lithium iron phosphate batteries, cutting nickel demand and prices by 69%.

Summary by Rest of World
Nickel processing workers now fear layoffs as prices drop and carmakers like BYD and Tesla switch to lithium ion batteries.

3 Articles

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  • 67% of the sources lean Left
67% Left

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Rest of World broke the news in on Wednesday, July 23, 2025.
Sources are mostly out of (0)