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Indonesia's investment minister said on Wednesday that copper miner Freeport Indonesia must agree to sell an additional 10% stake to the government, as negotiations get underway for the U.S. company to extend its permit to operate in the country.
Albemarle has agreed to double capacity at its lithium hydroxide processing operations in Western Australia to 100,000 tonnes by 2026 and spend more than $1 billion to build two more trains at the facility, the state government said on Wednesday.
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Indonesia has cut tax incentives to limit investment in lower quality nickel products as it aims to extract as much value as possible from its rich nickel reserves and push for further downstream investment, a cabinet minister said on Wednesday.
Indonesia's investment minister said on Wednesday that copper miner Freeport Indonesia must agree to sell an additional 10% stake to the government, as negotiations get underway for the U.S. company to extend its permit to operate in the country.
U.S. Senator Marcio Rubio on Wednesday asked the Biden administration to investigate Ford Motor Co's plan to partner with PT Vale Indonesia and China's Zhejiang Huayou Cobalt in a $4.5 billion nickel processing plant in Indonesia.