Indonesia has emerged as a global powerhouse in the nickel industry, overcoming staunch opposition from the European Union through the World Trade Organization.

Over the past decade, the high value-added share of Indonesia's nickel exports has skyrocketed from 8 percent to an impressive 100 percent, marking a transformative shift in the nation's economic landscape.

President Xi Jinping's strategic emphasis on Indonesia within the Belt and Road program has played a pivotal role in this success story.

By launching the 'maritime' component of the Belt and Road program in 2013, China has supported Indonesia in achieving a key economic objective, solidifying their bilateral relationship.

Under the leadership of President Jokowi Widodo, Indonesia strategically restricted raw material exports in 2014, particularly nickel ore, to enhance the country's returns from its abundant resources.

Despite facing challenges and opposition from the European Union, Indonesia's nickel mine production has witnessed an unprecedented ninefold increase, reaching an estimated 1.8 million tons last year, constituting half of the global total.

This remarkable success has not only put Indonesia at the forefront of the new energy industry but has also reshaped the global nickel market.

The surge in Indonesia's exports of processed nickel and stainless steel has led to a significant drop in nickel prices, benefitting industries globally.

The innovative technology adopted by Chinese companies, notably Tsingshan Steel Group, has revolutionized nickel production in Indonesia.

Their cost-effective methods have not only undercut other global producers but also positioned Indonesia as a leader in battery-grade nickel manufacturing.

The capital costs of Indonesia's new plants are estimated at a fraction of those in Western countries, making them highly competitive in the oversupplied market.

Despite the World Trade Organization's ruling in favor of the European Union, ordering Indonesia to remove its ban on raw nickel exports, President Jokowi Widodo remains steadfast in defending Indonesia's right to develop its industry.

The success of Indonesia's nickel industry serves as a model for future endeavors, with plans to extend similar strategies to bauxite and potentially copper.

While challenges such as tensions between native Indonesians and those of Chinese origin, as well as environmental concerns, have arisen, the overall success of the nickel industry exemplifies Indonesia's commitment to economic development.

As Indonesia navigates this economic triumph, the world watches closely to see how this success story will influence geopolitical dynamics and relationships, akin to Australia's historical ties with Japan in resource development.