How China, not Obama, waged the war on coal

China depends on overseas imports for 60% of its aluminum resources as opposed to 70% of its copper resources.

Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.

The top consumer of copper globally is on track to produce about half the world’s refined metal this year after a frenzy of smelter construction to secure supplies crucial to the energy transition.

The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.