Indonesia controls nickel ore supply to balance weak demand Nickel smelters in the country responsible for more than half of world production are enduring a shortage of ore due to government licensing issues. Bloomberg News | October 18, 2024 | 7:53 am
Indonesia looks to next phase for nickel industry as fixer-in-chief bows out The new administration will have to navigate institutional hold-ups, cut red tape and protectionist measures and campaign for continued disclosure. Bloomberg News | October 17, 2024 | 3:29 pm
Indonesia forms $1.2 billion battery venture with China’s CATL The project in Karawang, West Java, aims to scale up battery production to 15 gigawatts a year. Bloomberg News | October 17, 2024 | 12:13 pm
Industrial metals slump as sentiment on China demand worsens Prices have faded as government briefings on the Chinese economic policy fell short of expectations. Bloomberg News | October 17, 2024 | 7:45 am
World’s top two iron ore miners raise output even as China slows Rio’s third-quarter output edged up about 1% from a year earlier, while Brazil’s Vale beat estimates to churn out its highest volume since late-2018. Bloomberg News | October 16, 2024 | 10:20 am
Brazil reviews caves decree in potential boon for mining and energy Vale sees a potential to unlock 1.6 billion tonnes of iron ore reserves if the government tweaks rules around mining in caves. Bloomberg News | October 16, 2024 | 8:12 am
China to extend record aluminum output amid ample power National output is expected to rise 3% in the fourth quarter from a year ago to 11 million tons. Bloomberg News | October 16, 2024 | 7:57 am
Iron ore price drops with leading miners to deliver production reports This week, BHP, Rio Tinto and Vale turn in their figures. Bloomberg News | October 15, 2024 | 9:42 am
Central bankers make rare comments in favor of bigger gold stash Reserve managers from the central banks of Mexico, Mongolia and Czech Republic on Monday sang the praises of bigger holdings. Bloomberg News | October 15, 2024 | 7:50 am
Philippines’ top coal producer plans $5 billion mine expansion The company has proposed to the Department of Environment and Natural Resources a five-year spending plan that includes capital expenditures, production costs, and operating expense. Bloomberg News | October 14, 2024 | 10:47 am
Gold price swings as traders await Fed’s decision on interest rates Gold is up by more than 25% this year, with rate-cut optimism fueling recent gains. Bloomberg News | October 14, 2024 | 10:26 am
Aluminum squeeze unravels on LME, easing pressure on sellers For months, the October aluminum contract has been a focal point for traders due to its steep premium to later-dated futures. Bloomberg News | October 14, 2024 | 9:24 am
