Indonesia tightens grip on nickel as US and China seek critical minerals

Indonesia tightens grip on nickel as US and China seek critical minerals

HANOI, Vietnam (AP) — Indonesia is tightening state control of the world’s largest nickel supply, after years of betting that the metal would anchor a domestic electric vehicle industry, and just as global demand begins to shift away from a heavy reliance on nickel. The move could further spread through global electric vehicle supply chains … Read more

Indonesian authorities are trying to calm concerns after an $80 billion market loss

Indonesian authorities are trying to calm concerns after an  billion market loss

By Stefanno Sulaiman and Ankur Banerjee JAKARTA/SINGAPORE, Jan 29 (Reuters) – Indonesian authorities scrambled on Thursday to stem a capital flight from the stock market, rolling out measures to counter the risk of a downgrade to frontier market status that prompted a sell-off of more than 8 percent in just two days. The rollout, which … Read more