Nickel matte output stood at 15,048 tonnes, down from 18,701 tonnes a year earlier.

Dealers were offering a discount of up to $5 an ounce over official domestic prices this week.

It has halted an attempt to change the terms on $2.2 billion of existing dollar-denominated notes that would have allowed the group to add more debt.

Instead, Freeport Indonesia will go ahead with plans to build a new smelter near its existing copper refining operations in Gresik, East Java.

With plans to shift away from coal, the company will add about 15.4 gigawatts of solar, wind and hydropower plants by March 2030.

The company would build a unit that processes iron ore using green hydrogen at its plant in Gijon, Spain.

SES Holdings has agreed to go public by merging with Ivanhoe Capital in a deal that will value the combined company at about $3.6 billion.

Gautam Adani is increasing his footprint in fossil fuels, new research shows.