July 2023

Indonesia is finalising a new set of incentives to attract investment from manufacturers of electric vehicles (EVs), a senior minister said on Tuesday, adding the government is still in talks with major companies like Tesla and BYD. Speaking at a nickel industry conference hosted by CNBC Indonesia, Coordinating Minister of Maritime Affairs and Natural Resources …

Indonesia Plans Incentives for EV Makers, Sets Up Meeting with BYD, Tesla Read More »

China’s Zhejiang Huayou Cobalt said on Tuesday it will invest in a $200 million nickel sulfate project in Indonesia, expanding its production of the key battery raw material. Huayou subsidiary Huayao International Investment will build the 50,000 metric ton project in a joint venture with Singapore-based Strive Investment Capital and Lindo Investment PTE, according to …

Huayou Cobalt Boosts Nickel Capacity in Indonesia Read More »

Shell agreed on Tuesday to sell its 35 percent stake in the Production Sharing Contract (PSC) of the Masela gas block to Pertamina and Petronas for up to $650 million. The deal involves state-run oil company Pertamina, through its subsidiary Pertamina Hulu Energi, acquiring a 20 percent stake, and its Malaysian counterpart Petronas, through its …

Shell Gives Up 35% Interest in Masela Block to Pertamina, Petronas for $650M Read More »

The Indonesian government’s latest mandate for the country’s commodity exporters to deposit about a third of their dollar-denominated income from international sales in the domestic financial system is seen to put additional cash-flow pressure on the country’s coal miners currently confronting a low-price environment, multiple sources from the industry said. Register Now From Aug. 1, …

Indonesia’s Onshore Forex Deposit Mandate may Hurt Coal Miners’ Cash-Flow Situation Read More »

Surging demand for metals used in electric vehicle batteries has kicked off an international race to mine the deep seas. And there are no rules. On Sunday, the International Seabed Authority missed an important deadline to establish a regulatory framework, which means that companies can now apply for licenses before rules are final. Representatives from …

Why Deep-Sea Mining Is the Next Battleground in the Energy Transition Read More »

Harga Referensi (HR) produk minyak kelapa sawit (Crude Palm Oil/CPO) untuk penetapan Bea Keluar (BK) dan tarif Badan Layanan Umum Badan Pengelola Dana Perkebunan Kelapa Sawit (BLU BPD-PKS), atau biasa disebut Pungutan Ekspor (PE), untuk periode 16–31 Juli 2023 adalah USD 791,02/MT. Nilai ini meningkat sebesar USD 43,79, atau 5,86 persen, dari periode 1–15 Juli …

Periode 16–31 Juli 2023: Harga Referensi CPO Meningkat, Bea Keluar CPO USD 33/MT, Pungutan Ekspor CPO USD 85/MT Read More »

India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, a government source told Reuters. In a rare move, the ministry is to reject the recommendation by the Directorate General of Trade Remedies (DGTR) to impose 18.95% CVD on …

India to Reject Call for Anti-Subsidy Tax on Certain Chinese Steel Products Read More »

Korea and China are set to compete in the battery industry in Southeast Asia with high growth potential. Korean companies are investing heavily in Indonesia, Thailand, Malaysia, and Vietnam, the four largest electric vehicle markets in Southeast Asia. China, which has been blocked from entering North America, is also moving to make Southeast Asia its …

Competition between Korean, Chinese Battery Makers Expected to Expand to Southeast Asia Read More »

China’s coal imports edged higher in June after dipping over the prior two months, customs data showed on Thursday, as power utilities sought high-quality coal from overseas suppliers to replenish inventory at the start of the peak electricity demand season. The world’s top coal consumer bought 39.87 million metric tons of coal last month, up …

China’s coal imports rise in June as heatwave boosts demand Read More »

China’s coal inventories are so bloated and coal prices so depressed that some of the country’s miners have cut production and called for a halt to imports, despite a scorching heatwave stoking power demand for cooling. Scarred by a coal supply crunch and power crisis in 2021 and wary of energy insecurity risks triggered by …

China miners seek coal import curbs to ease glut Read More »