[SMM analysis: Indonesia's presidential election dust settled, nickel ore quota approval blocked, what will be the follow-up ferronickel price trend? There are noticeable differences between former President Jokowi and current President Prabowo in the development of "nickel". President Jokowi pursues a policy of "development of downstream industries", which aims to promote the processing and refining of mineral resources, including nickel, reduce the export of raw materials, and increase the added value of products. His goal is to make Indonesia a global hub for EV battery production, laying the foundation for a high utilization of nickel resources. Jokowi's economic policies are relatively modest, focusing on boosting the economy, attracting foreign direct investment, and supporting rural development and small and medium-sized enterprises. Politically, he was seen as a moderate reformer, emphasizing unity and pluralism to promote harmony in Indonesian soc