China’s Nanshan Aluminium International Co Ltd, which is listed on the HK Stock Exchange, decided to invest more in the aluminium chain here. Following commercial operation of fourth line of smelter grade alumina (SGA) in Bintan Island, the company plans a US$436.57 million investment in an electrolytic aluminium project.

Shares of plantation companies moved in narrow range Monday (Jan 19) despite substantial gain of crude palm oil (CPO) last Friday. Higher export levies starting March 1st admist lacklustre movement of the commodity would squeeze profit margins of Indonesian planters.

State revenues from coal (royalty, and the planned export tax) in the first quarter of 2026 might decline significantly at the time of growing concerns about widened budget deficit (closer to the 3% GDP cap). Export volume (and revenues) will also be affected because price of thermal coal remains traded below the same period last year.

Nickel advanced 6.73% to US$18,785 Wednesday (Jan 14) on uncertainties surrounding approval of work and budget plan (RKAB) of Indonesian nickel miners this year. Shares of IDX-listed nickel miners, however, ended mixed that day.

President Prabowo Subianto inaugurated the integrated energy infrastructure of Refinery Development Master Plan (RDMP) Balikpapan in East Kalimantan province yesterday. While the new refinery will lead to lower import of fuel products, the country will remain heavily rely on imported crude oil.