February 9, 2021

India to be largest source of energy demand growth to 2040

Rising oil demand could double India’s oil import bill to about $181 billion by 2030.

February 9, 2021

State oil firms risk wasting $400 billion as energy transition speeds up

A new report suggests that national oil companies could invest $1.9 trillion over the next ten years, meaning one-fifth of those investments would be unviable unless the oil price stayed…

February 9, 2021

Iron ore imports outside China show signs of recovery

Major buyers other than China - namely Japan, South Korea and Western Europe - are starting to pull their weight.

February 8, 2021

Tesla investment to position Indonesia as EV battery production hub – report

Reports suggest Tesla would submit a proposal to the Indonesian government for the establishment of a battery production facility in the country.

February 8, 2021

Diamonds forecast to regain pre-pandemic sparkle in 2022-2024

Demand recovery will diverge depending on lockdown policies, government support, and the extent to which retailers manage to shift sales online.

February 8, 2021

India’s coal imports rebound as Australia wins market share

While Australia has been gaining market share in India, the loser has been Indonesia.

February 8, 2021

Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi deal

Rather than acting unilaterally, the government has asked Rio to mutually terminate the current contract.

February 8, 2021

Elon Musk offers $100 million for best carbon capture innovation

Sum will be awarded for the best technology created for removing carbon dioxide directly from the atmosphere or oceans and store that carbon in a safe, cost-effective way.

February 5, 2021

Nickel price: Indonesia halts deep-sea mining disposal

The world’s biggest nickel producer has not officially banned deep sea tailings but by not issuing new permits could delay planned projects.

February 5, 2021

Tsingshan to finance bulk of $2.8bn Indonesia copper smelter with Freeport

The smelter could produce copper pipes and wires with an output value of $10 billion.