PT Indo Tambangraya Megah (ITMG) is diversifying by entering the nickel mining sector. This step was taken as part of the company’s efforts to support the electric vehicle ecosystem.
Indonesia has asked the United States to begin talks on a trade deal for critical minerals so that exports from the Southeast Asian country can be covered under the US Inflation Reduction Act, an Indonesian ministry said on Thursday.
Vale Base Metals is committing $10 billion for investment in Indonesia over the next decade to capture demand for metals such as nickel and copper for electric vehicle production, its chief executive said on Thursday.
Chinese battery metals producer CNGR Advanced Material Co. is weighing an initial public offering of Indonesian assets as soon as the end of 2024, according to people familiar with the matter.
The greenback rose after a slew of US data, including producer prices and retail sales, pointed to persistent inflationary pressures in the economy. Copper trimmed earlier gains following the prints, under pressure from the currency it’s priced in.
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