Aug 29, 2025 | Commodities
Indonesia’s export of natural gas declined 14.4% to US$3.7 billion in the first half of 2025, contributing to US$8.84 billion of deficit in oil and gas. Pathetic delay of major gas projects like Masela, Indonesia Deepwater Development, and Natuna East amidst growing...
Aug 21, 2025 | Commodities
Looks like that nickel price is no longer affected by movements in the electric vehicle (EV) market. While global EV sales expanded 27% year-on-year in the first seven months, nickel declined 10% to US$14,955 per ton. LFP batteries continue to dominate the Chinese...
Aug 15, 2025 | Commodities
Adjustment in royalty managed to offset downfall of thermal coal price in the first seven months of 2025. Pressures, however, intensify in the second half due to lower volume and further correction of prices. India’s import of thermal coal in July declined 21%...
Aug 14, 2025 | Commodities
Nickel moved little around US$15,200 per ton despite news about Indonesian government’s plan to give incentives to nickel-based EVs. While Indonesia is the largest auto market in Southeast Asia, the controversial proposal will do little to take back nickel to its...
Aug 14, 2025 | Commodities
Newcastle thermal coal retreated to US$111.8 per ton this week on low demand, strong supply of renewable energy, and higher output in the world’s largest producer and consumer of the commodity: China. Indonesian coal miners will likely see margins squeezed further in...
Aug 12, 2025 | Commodities
Anhui KEDA Clean Energy Co Ltd has recently commenced the construction of phase II of the coal-to-gas project for alumina refinery of PT Borneo Alumindo Prima, a subsidiary of China’s Hangzhou Jinjiang Group. Back in January, Anhui KEDA Clean Energy signed an EPC...
Aug 11, 2025 | Commodities
PT Bhakti Alam Indonesia Timur (BAIT) has officially begun construction of a manganese concentrate factory with US$2 million of investment in Kupang, East Nusa Tenggara province. The groundbreaking ceremony finally took place despite initial rejection since 2012. The...
Aug 11, 2025 | Commodities
Medco Energi (MEDC), one of the largest oil and gas players in the country, spent US$220 million of its cash for new investments in the first half of 2025, down slightly from US$242 million in the corresponding period of 2024. Medco, controlled by Panigoro Family,...
Aug 7, 2025 | Commodities
Nuclear power firm ThorCon International Pte Ltd is the closest among nuclear energy firms to start construction of Indonesia’s first nuclear power plant. ThorCon has officially received approval for the Kelasa site evaluation plant and the site evaluation management...
Aug 4, 2025 | Commodities
What a waste. Freeport McMoRan, co-owner of PT Freeport Indonesia, recorded average gold price off US$3,260 per troy ounce in the first half of 2025, jumped by 46% from the corresponding period of 2024, thanks to global economic uncertainties stemmed from Trump...
