Automaker has joined PT Vale Indonesia and Zhejiang Huayou Cobalt as their new partner in a nickel processing plant in Indonesia.

The new HPAL projects, and the surge of inexpensive metal from a country whose deposits have long been unloved by major producers, could push the market into oversupply.

Vedanta Resources is relying heavily on dividends from its units to help cut a net debt of $7.7 billion.

Prices jumped on Friday as inventories in warehouses linked to the Shanghai Futures Exchange slid to the lowest since July last year.

It will be the second nickel firm in Indonesia to go public this year after PT Trimegah Bangun Persada of the Harita conglomerate group.

EVs that use materials that have been collected or processed in Japan will be eligible for incentives under the IRA.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange were down 11.6% last Friday.

Glencore among investors as commodity producers lead record listing pipeline for south-east Asian economy.