Via Nikkei Asia, a report that Apple plans to offer Indonesia $1bn in investment to end the country’s iPhone 16 sales ban: Indonesian Minister of Investment Rosan Roeslani has said tech giant Apple has expressed an intention to invest $1 billion in the country, 10 times the amount it offered last month, in a bid […]
Read more »Via The Interpreter, commentary on why joining BRICS+ is not in Indonesia’s interests: Indonesia’s decision to join BRICS+ solely based on perceived economic opportunities is highly imprudent. Although the initiative offers economic advantages, Indonesia already participates in robust platforms such as the G20 and the Regional Comprehensive Economic Partnership (RCEP). It has formidable economic ties […]
Read more »Courtesy of the New Yorker, a look at New Caledonia, home to thousands of species found nowhere else—and to nickel that companies like Tesla desperately need: In September, 2020, Elon Musk and a Tesla executive named Drew Baglino put on matching T-shirts and took the stage in a California parking lot. To mark what the company […]
Read more »Via The Diplomat, a report on new Chinese investment in Indonesia, including a controversial agreement on economic activities in areas around the Natuna Islands in the South China Sea: Indonesian President Prabowo Subianto yesterday wound up a visit to China, his first since taking office last month, signaling an intention to maintain good relations with Beijing in […]
Read more »Via Mining Visuals, a look at at where the world’s cobalt reserves are located: Cobalt is a critical mineral, essential for the production of lithium-ion batteries used in electric vehicles (EVs), smartphones, and other renewable energy applications. As the world transitions to greener technologies, the demand for cobalt is projected to rise sharply. At the […]
Read more »Via The Economist, an article on how – gluts and shortages notwithstanding, Indonesia wants to double down on resource nationalism: Askim of this year’s nickel-market commentary reveals a “Darwinian” “existential moment” of “carnage”. Benchmark prices tumbled by as much as 72% from all-time highs in 2022. From Australia to Brazil, nickel mines and furnaces are being […]
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