Prices of the cobalt hydroxide used to make chemicals for electric vehicle batteries have plummeted due to an upsurge of supplies from top producer Democratic Republic of Congo. Cobalt hydroxide is produced in Congo, where it is a byproduct of copper. Hydroxide prices are usually cited as a percentage of the metal price known as …
Prices Tumble for Cobalt Used for Electric Vehicle Batteries Read More »
Indonesia will allow mining production plans to stay valid for three years with immediate effect, according to rules made public on Thursday, as it looks to beef up efficiency in quota approvals. The move comes as nickel smelter operators, battling surging ore prices, had to import nickel ore from the Philippines in recent months, as …
Indonesia Extends Validity of Mining Production Plans to Three Years Read More »
China’s coal imports from all origins rose in August, customs data showed on Wednesday, as the world’s top consumer of the fuel bought up cheaper overseas supplies after domestic output fell. Russian coal arrivals reached 9.97 million metric tons, up from July’s 8.99 million tons, and 16.7% higher than the same month last year. Imports …
China’s Coal Imports from Russia, Mongolia Jump in August Read More »
Chinese electric vehicle frontrunner BYD (002594.SZ) has taken an early lead in Southeast Asia’s small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates. Here are details about some of its regional partners: MALAYSIA & SINGAPORE BYD cars are sold by Sime Darby Motors, the automotive arm of Malaysian …
Chinese EV Major BYD’s Partnerships in Southeast Asia 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 Pungutan Ekspor (PE), periode 16-30 September 2023 adalah 798,83/MT dolar AS atau turun dibanding periode sebelumnya. Direktur Jenderal Perdagangan Luar Negeri Kementerian Perdagangan Budi Santoso mengatakan, …
International prices of coal have climbed to a four-month high on surging activity by fossil-fuel-burning Chinese power plants to offset the drought-induced shortage of hydroelectricity. Thermal coal logged a spot price of more than $159 per tonne at Australia’s Newcastle port Monday. The benchmark has risen a seventh straight week, touching a high not seen …
Coal Prices Jump to 4-Month High on China’s Power Demand Read More »
Vale Base Metals is committing $10 billion for investment in Indonesia over the next decade to capture demand for metals such as nickel and copper for electric vehicle production, its chief executive said on Thursday. The investment is part of the company’s plan to spend $25 billion to $30 billion in new projects in Brazil, …
Vale Base Metals to Invest $10 billion in Indonesia Over Next Decade Read More »
Indonesia has made its first export shipment to the United Arab Emirates (UAE) under the Indonesia-UAE Comprehensive Economic Partnership Agreement (IUAE-CEPA). The implementation of the IUAE-CEPA, which came into force on September 1, 2023, will provide benefits to Indonesia since the UAE has eliminated and reduced import duty rates. Indonesian products for which the import …
Indonesia Makes First Export Shipment to UAE under IUAE-CEPA Read More »
Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain. Jakarta recently delayed the issuing of mining quotas and suspended operations at a key site …
Indonesian Nickel Smelters Turn to Philippines for Ore as Local Supply Tightens Read More »
South Korea’s Hyundai Motor Co. said Tuesday it overtook China’s Wuling Motors Holdings Ltd. to claim the biggest market share in Indonesia’s electric vehicle (EV) market in the first seven months of the year, reported Yonhap. Hyundai Motor sold 3,913 EVs in Indonesia between January and July, already exceeding the 2,028 EVs it sold in …
