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The story no one is connecting: the same supply chain pressures reshaping critical minerals are quietly repositioning Thailand and Indonesia as the manufacturing hubs for the next decade — and the ASX is only beginning to price it in.
BHP's announcement Thursday wasn't about nickel. It was about hedging against a world where China controls the refining stack for every EV battery on earth. The subtext — diversify or get locked out — is already moving junior miners in ways the index hasn't caught yet.
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