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Merdeka Copper getting closer to the Nickel-EV Ecosystem

Merdeka Copper Gold (MDKA) announced the entry of Brunp, an entity controlled by China’s Contemporary Amperex Technology Co Ltd (CATL), as owner of 5% shares in the gold and copper producer, which currently has market capitalization of Rp120 trillion. This is the second major investment from CATL, the world’s largest lithium ion battery manufacturer, in Indonesia.

Business

Merdeka Copper getting closer to the Nickel-EV Ecosystem

Merdeka Copper Gold (MDKA) announced the entry of Brunp, an entity controlled by China’s Contemporary Amperex Technology Co Ltd (CATL), as owner of 5% shares in the gold and copper producer, which currently has market capitalization of Rp120 trillion. This is the second major investment from CATL, the world’s largest lithium ion battery manufacturer, in Indonesia.

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Oil Rebound on China Demand Optimism

WTI crude futures rose more than 1.5% to above $114 per barrel on Wednesday, recovering from a 1.6% drop in the previous session, amid hopes of demand recovery in China as the country relaxes some of its strict Covid-19...

Dollar Regains Some Momentum

The dollar index rebounded from its lowest level in over a week to around 103.60, with the market pricing in the chances of an increasingly hawkish Federal Reserve stance to keep a lid on the highest inflation in decades. Fed...

Palm Oil Struggles for Traction

Malaysian palm oil futures bottomed around the MYR 6,100-per-tonne level as rising inventories and weak export demand from Malaysia prompted some profit-taking after a massive rally that drove prices to a record closing level in...

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Profiles

Sariaatmadja-Tanoesoedibjo

Jessica Herliani, daughter of Hary Tanoesoedibjo (MNC Group), has tied the knot with Jonathan Natakusuma, son of Fofo Sariaatmadja (Emtek Group). MNC and EMTEK are two of the largest media groups in the country. MNC controls TV stations like RCTI, MNC TV and TPI, while EMTEK owns SCTV and Indosiar.

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