RI soon to supply battery raw materials for Tesla

RI soon to supply battery raw materials for Tesla

Jakarta – Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia announced that Indonesia will soon have a factory for raw materials for electric car batteries (precursor). The factory belongs to Huayou Indonesia, and is expected to be established in November or December 2024. Bahlil revealed that the construction and preparation of the factory is … Read more

Eramet Shares Plunge 19% as Nickel and Manganese Production Targets Slashed Amid Indonesian License Cuts

Eramet Shares Plunge 19% as Nickel and Manganese Production Targets Slashed Amid Indonesian License Cuts

Jakarta, CNBC Indonesia – Shares in French mining group Eramet fell 19% on Wednesday as the company announced cuts in nickel and manganese production targets. Referring to the Financial Times, this is a blow to the mining business group listed on the Paris Exchange that had previously suffered from the fall in global nickel prices. … Read more