The world’s best-performing IPO stock this year is a little known Indonesian coal mining company that’s backed by one of Southeast Asia’s richest men. PT Petrindo Jaya Kreasi has soared more than 2,900% since it listed in March following a $25 million offering. Yet it still has no analyst coverage, is richly valued and has …
Obscure Coal Stock With 2,900% Gains is World’s Star IPO in 2023 Read More »
The Indonesian and Australian governments on Thursday signed a memorandum of understanding (MoU) on the establishment of a bilateral mechanism to advance their electric vehicle (EV) collaboration. The MoU was signed by Indonesian ad interim Coordinating Minister for Maritime Affairs and Investment, Erick Thohir, and Australian Minister for Industry and Science, Ed Husic, in Jakarta. …
Indonesia, Australia Ink MoU to Advance EV Collaboration Read More »
Palladium and nickel prices have touched lows not seen in several years as the result of manufacturers rearranging their supply chains to reduce their dependence on Russia. In New York, the most heavily traded futures for palladium fetched $948.50 per troy ounce at one point Nov. 13, marking the lowest point in five years and …
Palladium, Nickel Prices Fall as Supply Chains Cut Russia Exposure Read More »
Indian buyers curtailed purchases of palm oil for December and January shipments due to rising prices and as refiners face negative margins after making heavy imports in the past few months, industry officials told Reuters on Thursday. Lower purchases by the world’s biggest importer of vegetable oils could lead to higher stocks of palm oil …
India Slows Palm Oil Imports as Prices Rally Amid Negative Margins Read More »
Commodity trader Trafigura and Korea Zinc yesterday signed an agreement to jointly invest US$140 million to establish an “all-in-one” nickel refinery in South Korea. The refinery will be capable of processing a range of feedstocks including nickel matte and mixed hydroxide precipitate (MHP) with its integrated pyro-hydro process. According to Trafigura, the investment will be …
International lenders including the European Bank for Reconstruction and Development and the World Bank are backing a 3 billion euro ($3.26 billion) plan to wean North Macedonia off coal-fired power, the head of the EBRD told Reuters. The deal, which is expected to be announced at the COP28 climate talks in Dubai beginning on Nov. …
Exclusive: EBRD Backs 3 Billion Euro Plan to Wean North Macedonia Off Coal Power Read More »
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 biasa disebut Pungutan Ekspor (PE),untuk periode 16—30 November 2023 adalah sebesar USD 750,54/MT. Nilai ini meningkat sebesar USD 1,61 atau 0,22 persen dari periode 1—15 November …
Periode 16 – 30 November 2023 , Harga Referensi CPO Menguat Read More »
Negotiators for EU governments and lawmakers reached a deal on Monday on targets for domestic supply of critical minerals such as lithium and nickel to reduce its reliance on third countries, principally China. The European Commission proposed the Critical Raw Materials Act in March, a centrepiece of EU strategy to allow it to compete with …
EU Agrees Mineral Supply Targets to Cut Reliance on China Read More »
Indonesia’s exports of thermal coal surpassed 413 million metric tons over the first ten months of 2023, a new high cementing its status as the largest exporter of the high-emission power fuel. Indonesian shipments jumped 11.5% from the same period in 2022, roughly twice the growth rate of total global coal exports that are on …
Indonesia Fires Thermal Coal Exports to New Highs Read More »
Swiss commodity trader Trafigura has agreed to help Chinese smelters clear imports of copper concentrate from Australia, suggesting an informal ban has been lifted if the cargo clears customs, three sources familiar with the matter told Reuters. China has gradually been easing a raft of unofficial curbs and tariffs on Australian imports, including copper concentrate …
Trafigura Brings Australian Mined Copper Back to China -Sources Read More »
