The company already signed a non-disclosure agreement towards an initial 1,500-tonne-per-year offtake agreement for titanium metal powder.

The company now predicts a net profit of 78 billion yen ($739 million) for the year, against its previous guidance of 46 billion yen.

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

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 above $40 a barrel.

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

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

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

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