The Indonesian government recently became the controlling shareholder of PT Vale Indonesia, a mining company that has been operating in the nickel-rich island of Sulawesi for decades. The government, through state-owned holding company MIND ID, already owned 20 percent of PT Vale Indonesia and in February they completed a deal to acquire an additional 14 … Read more
In a global system characterized by geopolitical turbulence, Indonesia stands as a rising economy and key player in international affairs. Over the past two decades, Indonesia has experienced strong economic growth. By 2030, the thriving republic is projected to become one of the world’s seven largest economies and to enter the top five by 2050. … Read more
In April 2023, the United States government introduced guidance for the $7,500 tax credit for the purchase of each electric vehicle (EV) under the Inflation Reduction Act (IRA) 2022. To be eligible for half of the credit, a portion of the “critical minerals” used in the EV’s battery must come from a country with which … Read more