World’s best large IPO of 2023 is Indonesia miner with 150% gain

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

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

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

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

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 the deal.

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

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.

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

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%.