Indonesia wants to become a global hub for producing and exporting electric vehicles (EVs) to Asia and beyond.

Vedanta Ltd. reported a 61% jump in quarterly profit as a one-time tax benefit countered lower metal prices and slowing demand.

The oil and gas explorer aims to boost revenue from its mining business to $100 million annually within three years.

Western powers will attend talks in Brussels next week on curbing China's dominance of rare earths and other critical resources and EU officials will present their vision to create entire green supply chains.

Indonesia's mining ministry is revising a rule that governs the domestic price of nickel ore to ensure smelters follow government benchmark prices.

Among the companies allowed to export ore again are state-controlled miner PT Aneka Tambang and PT Trimegah Bangun Persada.