India has extended by eight months the operation of power plants using imported coal, as high consumption and poor supply deplete domestic stocks of the fuel, according to a government order reviewed by Reuters. The order invoked emergency powers in asking such plants, with a capacity of nearly 17 gigawatts, to operate so as to …
India Allows Power Plants Using Imported Coal to Run Until Next June Read More »
Papers filed by Glencore Plc (GLEN.L) to support its plans to develop an EV battery recycling hub on the Italian island of Sardinia are not sufficient to assess the plant’s impact on the environment, a document issued by the regional government showed. The risks stemming from the raw materials to be treated at the plant …
Glencore’s Documents on Planned EV Battery Recycling Hub Not Enough for Sardinia Read More »
Shipments of US soybean meal to other countries are expected to climb to a record high next year as more of America’s top oilseed crop is crushed for vegetable oil sought after to make green diesel. America’s soy meal, which is created along with oil during crushing of whole soybeans, is forecast to reach exports …
Biofuel Boom to Push US Soy Meal Exports to Record High Read More »
Badan Pusat Statistik (BPS) mencatat nilai ekspor batu bara anjlok 47,04 persen secara tahunan pada September 2023. Artinya, nilai ekspor emas hitam itu turun dari US$4,16 miliar atau setara Rp65,42 triliun (asumsi kurs Rp15/726 per dolar AS) menjadi US$2,2 miliar atau sekitar Rp34,6 triliun. Plt Kepala BPS Amalia Adininggar Widyasanti menuturkan penurunan nilai ekspor ini …
Ekspor Batu Bara – CPO Kompak Anjlok pada September 2023 Read More »
BHP Group on Wednesday posted a near 4% drop in first-quarter iron ore output and announced the sale of its two Queensland coal mines to Whitehaven Coal, as the mining giant shifts toward ‘future-facing’ commodities like copper. Whitehaven emerged as the winner in an auction for Daunia and Blackwater metallurgical coal mines, the world’s largest …
BHP and Mitsubishi to Sell two Coal Mines to Whitehaven for $4.1bn Read More »
This statement comes from Jim Lennon, commodity strategy consultant at Macquarie Bank, who spoke to attendees of the Metals Debate and Outlook panel during last week’s LME Week industry gathering. Nickel’s outlook is very much determined by China and Indonesia, with the two countries currently making up 70% of global supply and demand of the …
Kementerian Perdagangan menyampaikan Harga Referensi (HR) komoditas 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), untuk periode 16—31 Oktober 2023 adalah sebesar US$740,67/MT. Harga referensi tersebut nilainya menurun sebesar US$86,70 atau 10,48% dari periode …
Harga Referensi CPO Turun pada Periode 16-31 Oktober 2023 Read More »
Customs records reviewed by the Financial Times suggest Adani Group imported billions of dollars of coal at prices well above market value over a two-year period. According to the newspaper, the data substantiates allegations that India’s largest private coal importer has been artificially inflating fuel costs, resulting in millions of Indian consumers and businesses overpaying …
Adani Group Inflated Coal Import Price Between 2019 and 2021 — Financial Times Read More »
Indonesia, the world’s biggest palm oil exporter, will launch its crude palm oil (CPO) futures exchange on Friday, but it will not make trading via the exchange mandatory, its chief regulator told Reuters on Wednesday. Authorities in the Southeast Asian country had previously planned to make it mandatory for all CPO exports to go through …
Indonesia to Launch Crude Palm Oil Futures Exchange on Oct 13 Read More »
The global nickel market is expected to remain in surplus next year as the output of low-grade nickel pig iron (NPI) will continue to grow in Indonesia, Sumitomo Metal Mining said on Thursday. The surplus will widen to 36,000 metric tons from 24,000 tons this year as Indonesia’s NPI production will increase by 10.3% to …
Sumitomo Metal Sees Global Nickel Supply Surplus Widening in 2024 Read More »
