November 14, 2022

Nickel briefly surges by limit as report of blast spooks market

The metal price jumped by its 15% daily limit after an unconfirmed report about a blast at a nickel plant in Indonesia.

November 13, 2022

Two-wheelers come first in Indonesia’s electric vehicle strategy

The Indonesia Battery Corporation plans to produce 50,000 battery packs for two-wheelers next year.

November 13, 2022

Indonesia’s Adaro signs MoU with Hyundai for aluminum supply

Hyundai would secure the right to purchase aluminium produced by Adaro's subsidiary PT Kalimantan Aluminum Industry at an early stage of production.

November 11, 2022

Ford, GM in talks with Posco Chemical on battery metal hubs

GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.

November 11, 2022

Hindalco profit sinks on high costs, plans to raise $124 million

Hindalco’s costs surged 24% during the quarter, with power expenses almost doubling.

November 11, 2022

Rio Tinto’s long-awaited deal comeback is stuck in limbo

Rio has struggled to win investor support for the Turquoise Hill deal, forcing it to offer unusual terms to the most stubborn holdouts which appeared to be enough to close…

November 11, 2022

Indian miners seek higher import tax on aluminum, zinc, copper products

The government should raise import taxes to 10%-15% on several aluminum products, including scrap to 10% from 2.5%.

November 11, 2022

Vedanta says state revenue share would make Barmer oil asset unviable

The government has said it is entitled to increase its revenue share from the block by 10%, having recently extended the contract for the Barmer asset by 10 years.

November 10, 2022

ArcelorMittal’s Q3 profit beats expectations on energy savings

ArcelorMittal said it had cut its gas consumption in Europe by 30% in a bid to counter surging energy prices.

November 10, 2022

One of world’s top gold-buying central banks is far from sated

Uzbekistan has brought the share of the precious metal in its $32 billion reserves to almost two-thirds, in a reversal of a plan to cut it below 50%.