The Elements of Innovation Discovered
The Elements of Innovation Discovered
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An expensive new risk for Western manufacturers and their investors. This past June, German chemicals giant BASF backed out of a planned $2.6 billion nickel refinery in Weda Bay, Indonesia. While the company cited changing dynamics in the global nickel market, BASF also faced calls to abandon the project from environmental and human rights groups. BASF's decision to walk away should focus the clean energy and automotive sector's attention on a new risk profile: Indonesia's...
