Speakers at Energy Asia 2023 included, left to right, OPEC Secretary-General Haitham Al Ghais, Malaysian Prime Minister Anwar Ibrahim and S&P Global Vice Chairman Daniel Yergin. (Photo by Norman Goh)
Energy

Despite renewables optimism, oil and gas remain vital: Yergin

OPEC chief tells Energy Asia event all resources needed for energy security

26 June 2023
Mineral exploration is conducted at the Marimaca copper mine in Chile ahead of development.
Commodities

Mitsubishi Corp. digs for copper profits in Chile with Canadian miner

Japan's trading houses expand efforts to tap EV resource demand

26 June 2023
Scorching conditions from the El Nino weather pattern are expected to crimp production at palm oil plantations like this one in Indonesia's East Kalimantan province. 
Economy

From Indonesia to Vietnam, El Nino fans fears of fires and drought

Returning climate pattern set to hit key crops as well as industrial sector

23 June 2023
Ansteel Group Corporation, the world's third-largest steel maker, plans to acquire Lingyuan Iron and Steel Group as it looks to raise its capacity. (Photo by Shin Watanabe)
Business deals

China steel industry faces growing pressure to consolidate

World's No. 3 steelmaker to buy smaller rival to boost capacity

21 June 2023
Some places in South Korea have seen sea salt prices rise 32% since December.
Commodities

South Korea sea salt prices spike amid fears of Fukushima wastewater

Buyers appear to be hoarding before Japan releases treated water off Pacific coast

17 June 2023
The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)
Commodities

Pertamina and partners to invest $800m in Algerian oil field

Indonesian state-owned company extends contract with Sonatrach, Repsol

16 June 2023
Indonesia's massive supplies of nickel -- a key component in batteries -- are helping meet increasing global demand for electric vehicles. (Source photo by Reuters) 
Market Spotlight

Nickel surplus seen widening in 2023 as Indonesian output soars

EV batteries to lead demand growth; prices under pressure but still historically high

16 June 2023
Indonesian Heavy equipment and mining company United Tractors says a minority stake purchase in Australia's Nickel Industries, a major global producer of nickel pig iron, is part of its diversification. (Screenshot from United Tractors and Nickel Industries websites)
Commodities

Indonesia's United Tractors to buy $633m stake in Australian miner

Top conglomerate Astra International seeks entry into EV battery materials

9 June 2023
Arsjad Rasjid, chairman of the ASEAN Business Advisory Council, says an "economic cold war" has forced Southeast Asian companies to create "China and non-China" portfolios. (Photo by Yuki Kohara) 
Interview

ASEAN caught in 'economic cold war' over China: business lobby head

Indonesian executive urges nimbler Japan Inc. to match other foreign investors

9 June 2023
Indonesian President Joko Widodo greets Malaysia's Prime Minister Anwar Ibrahim in Putrajaya, Malaysia on June 8. (Photo courtesy of Malaysia Prime Minister's Office)
International relations

Malaysia, Indonesia to fight EU palm oil 'discrimination'

Jokowi says collaboration should be 'strengthened' to protect commodities

8 June 2023
India, the world's second-largest cotton grower, is forecast to boost exports as harvests suffer.
Commodities

Cotton market braces for lower Indian, U.S. exports

Prices on the rise as big growers struggle with weak harvests

7 June 2023
Japanese wagyu is popular overseas, but the country is having trouble exporting it under favorable conditions. (Photo by Masatoshi Ida)
Agriculture

Japan beef exports face downturn over U.S. tariff quotas

Shipments overseas drop 4% in 2022; China market still off-limits

6 June 2023
Dump trucks carry raw nickel ore at a mining site in Indonesia.
Commodities

IEA to set EV mineral import benchmarks to reduce overdependence

Joint mining by member states of lithium, nickel and cobalt will be considered

4 June 2023
Semirara Mining and Power faces a challenge in the long-term plan by the Philippines to significantly increase the share of renewable energy in the country's mix of power sources. (Source photos by AP and Getty Images. Logo from Semirara Mining and Power's website)
Companies

Philippines' top coal miner turns to Japan to cut China reliance

Semirara Mining and Power diversifies export markets

1 June 2023
Container shipping rates have dropped with consumption.
Economy

Trio of critical signs point to global economic slowdown

Downturn in copper prices, weak shipping rates and historic yield inversion raise red flags

31 May 2023
Salyadi Saputra, Pertamina director of strategy and new ventures, speaks during an interview on May 26 in Tokyo. (Photo by Shinya Sawai) 
The Future of Asia 2023

Pertamina's diversification slowed by Rosneft tie, carbon capture

Indonesian oil company plans $9bn capex in 2023, but 3% for decarbonization, others

26 May 2023
Armed with record profits, fertilizer maker Pupuk Kaltim is speeding up at least $1.5 billion in spending for projects to meet demand. (Photo courtesy of Pupuk Kaltim)
Commodities

Indonesian fertilizer maker Pupuk Kaltim ramps up $1.5bn expansion

State-owned firm eyes offshore acquisitions on record profits, but wavers on IPO

23 May 2023
The floating LNG terminal Neptune was commissioned in Germany during January. The country raced to secure gas after supplies from Russia were cut off.
Energy

Natural gas prices in Asia fall to pre-Ukraine war levels on China shift

Beijing buys more LNG long-term contracts as it seeks energy stability

23 May 2023
An excavator loads a truck with nickel ore at a mine operated by Vale in South Sulawesi province. Indonesia is the world's largest producer of the material.
Materials

Indonesia's nickel export ban spurs rush into vital EV metal supplier

POSCO, BASF and Ford join investment race, with Chinese players in the lead

20 May 2023
Copper futures fell to their lowest point in nearly six months Tuesday.
Commodities

Copper and zinc sink to fresh lows amid China economic uncertainty

Industry groups predict shortages, but disappointing economic data raises questions

18 May 2023
A Toyota factory in Japan. The automaker's global sales hit another record. (Photo courtesy of Toyota Motor)
Companies

Toyota, Nintendo and Daikin lead expected Japan earnings beaters

Outperformers stand to benefit from production rebounds and weaker yen

7 May 2023
Copper is an essential material for electric cars and the infrastructure needed to power them.
Commodities

Copper loses shine for investors on China's mixed recovery

Fund outflows increase after an early bump from lifting of COVID restrictions

3 May 2023
Molten iron is poured into a container at a steel plant in Hefei, China.
Materials

Material prices drop sharply on concerns about Chinese slowdown

Despite end of lockdowns, steel purchases fail to meet expectations

30 April 2023
GenZero CEO Frederick Teo wants the company to become a frame of reference for climate and decarbonization investing. (Photo by Dylan Loh)
Climate Change

Temasek-owned investor GenZero eyes sustainable aviation fuels

Singapore investment company weighs bets on green energy like hydrogen power

28 April 2023
Tata Motors, maker of the Avinya concept electric vehicle pictured here, accounted for 85% of EV sales in India.
Automobiles

EV revolution in developing Asia needs cheaper models: report

Green car sales soar in India, Thailand, Indonesia; market shares still low

26 April 2023