Nickel Industry, Law and Capitalism: From Oligarch Politics to Global Economy Market Promises

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Single Panel

Schedule

Session 11
Thu 12:00-13:30 Classroom NT-159

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Abstract

The global clean energy transition, fueled by nickel, promises a sustainable future but is built on entrenched global inequalities. The global transition to clean energy has increased demand for nickel, positioning this critical mineral at the nexus of geopolitics, capital accumulation, and environmental and labor justice. This panel interrogates the legal and capitalist structures governing the global nickel industry, tracing its threads from oligarchic politics in Indonesia nations to the regulatory promises and pitfalls in core markets. This panel interrogates how the complex legal, political and economic dynamics interplay and fashion the processes of nickel extraction and processing. The panel asks a critical question: do they genuinely address the core-periphery dynamics of unequal exchange, or do they merely legitimize and greenwash a new era of extractive capitalism?
We trace the nickel supply chain from its source, examining how oligarchic politics in Indonesia harness state power and law to control resources, often at a high social and environmental cost. The panel then investigates whether the EU Green Deal can disrupt this model. We argue that by focusing on corporate procedure over structural redistribution, the Green Deal risks reinforcing the very inequalities it claims to address, leaving the fundamental architecture of unequal exchange between the Global North and South intact. This panel ultimately challenges the market-led promise of a “just transition” and calls for a more radical rethinking of global production and accountability.

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