The archipelago, roughly the size of New Jersey, produces one-third of the world’s nickel and holds around 11% of the world’s total nickel reserves. According to GlobalData, it produced 193,600 tons of nickel in 2023 out of 3.3 tons globally. Nickel is key to producing batteries for the electric car industry
The first statement in this sentence isn't correct. New Caledonia is the third largest producer in the world (roughly in line with Russia and Canada), but they don't produce one third of the world's nickel. Indonesia produces one third of the world's nickel and they're producing over 1 million tons per year.
I wonder what the sweetheart deal for the french is here. I remember their uranium deal being comically one-sided.