The output of lithium projects in South America, such as this one in Chile, have contributed to the glut in the material.
Commodities

Nickel and lithium prices plunge as Chinese EV demand loses steam

Production facilities shutting down due to worsening profitability

6 February 2024
The downtown area of Jakarta. Indonesia's economy grew 5.05% in 2023.
Economy

Indonesia's 2023 GDP growth slows to 5.05% on weak exports

Lower commodity prices and El Nino weather hit Southeast Asian economy

5 February 2024
A nickel mine in Indonesia. The supply chain for materials needed to make electric vehicles stretches around the world.
Interview

Let's get real about EVs' environmental impact, rare metal expert says

Decades needed to find cost-effective clean energy tech: Tokyo University's Toru Okabe

2 February 2024
Electric vehicles are a fast-growing segment of China's auto market, the world's largest.
Commodities

China EV boom, poor Thailand harvest inflate natural rubber prices

Futures rise highest in nearly 3 years on supply concerns for tire material

2 February 2024
Gold ingots have become popular with Chinese consumers wary of property and stock market investments.
Economy

China gold purchases soar 30% on economic anxiety

Central bank and individual investors seek stability amid geopolitical risks

1 February 2024
: A gas flare on an oil production platform is seen alongside an Iranian flag in the Persian Gulf.
Commodities

Iran's oil exports reach 5-year high, with China as top buyer

Rising supply from sanctions-hit country tamps down prices amid tensions

31 January 2024
U.S. economic envoy Jose Fernandez says problems with renewable energy are holding back billions in chip investment in Vietnam. Here he meets Vietnamese Planning and Investment Minister Nguyen Chi Dung. (U.S. Embassy Hanoi)
Supply Chain

Vietnam is a top target for CHIPS Act aid funds, U.S. says

Country urged to seize the opportunity as supply chains shift from China

29 January 2024
Thorbjoern Fors, senior vice president for Asia-Pacific at Siemens Energy, says more Southeast Asian countries are getting serious about their energy transitions. 
Energy

Siemens Energy begins year of 'actions' in Southeast Asia

German company targets cross-border grids, clean energy projects across region

26 January 2024
Ethylene production facilities with a combined capacity of 26 million tonnes annually are slated to open in China from 2023 through 2027. (Photo by Shin Watanabe)
Materials

Japan's ethylene output hits 35-year low with China capacity set to soar

Weak Chinese demand drives petrochemical oversupply in Asia

26 January 2024
Mine in Western Australia
Commodities

Australian government to meet battery metal producers as prices slump

Projects halting or slowing in face of plunging nickel, lithium markets

23 January 2024
Electric vehicles are produced at Great Wall Motor's factory in Thailand's Rayong province on Jan. 12. Thailand looks to nurture its EV industry with foreign investments. (Photo by Kenya Akama)
Supply Chain

Thailand walks back claim of large lithium discovery

Key EV battery material found in country's south, but amount in question

21 January 2024
Dampier Salt exports mainly to Asia, including Japan. (Photo by Rurika Imahashi) 
Commodities

Rio Tinto-backed Australian salt exporter to sell production site

Dampier Salt supplies majority of Japan's 7m tonnes in annual imports

17 January 2024
New Hope Group is one of the most successful private businesses since China began economic reforms in the late 1970s.
Caixin

Chinese feed giant New Hope navigates downside of boom-bust cycle

Country's No. 3 hog breeder is hurting as prices drop after boosting capacity

16 January 2024
Nippon Steel has been expanding abroad with moves such as its deal to acquire U.S. Steel. (Photo by Hirofumi Yamamoto)
Commodities

Nippon Steel to tap electric arc furnace chief as next president

Tadashi Imai to lead steelmaker through growth and decarbonization

12 January 2024
A Lynas worker walks past sacks of rare earth concentrate waiting to be shipped to Malaysia, at Mount Weld, northeast of Perth, in 2019. Australia is funding rare earth and critical mineral research.
Commodities

Australia funds rare earth research as West seeks China alternatives

Canberra to spend $14m to boost rare earth and critical minerals sectors

8 January 2024
Companies active in Asia are likely to make waves in a variety of sectors. (Nikkei montage/Source photos by AP, Reuters and Getty Images) 
Business Spotlight

Asia 2024: A dozen companies to watch as the year unfolds

Businesses worth following from semiconductors and EVs to nickel mines and arms

5 January 2024
Former President Donald Trump has so far remained silent on the U.S. Steel-Nippon Steel deal. (Nikkei montage/Source photos by AP and Reuters) 
Business deals

Trump allies split on U.S. Steel-Nippon Steel deal

Ross defends move, but Lighthizer insists 'no free trade' in steel

4 January 2024
Prices of rice remain high in Asia as its major exporters move to prioritize domestic demand.
Datawatch

Higher rice prices keep inflation simmering in Asia

Prices of staple food hit a 15-year high due to extreme weather and export ban

31 December 2023
Liberian-flagged crude oil tanker Shun Tai is seen anchored at the Kozmino terminal in Nakhodka Bay near the Russian port city of Nakhodka. 
International relations

China-Russia ties in Arctic keep U.S. and Canada on alert

Alaska and Yukon territory share info as warships and thin-hulled tankers pass by

28 December 2023
Biden has called himself the most pro-union president in U.S. history.
Business deals

Biden hails union workers, says open to review of U.S. Steel deal

Acquisition by Nippon Steel comes at awkward time for president in swing states

23 December 2023
Natural diamonds are losing market share to less-costly synthetic stones.
Commodities

Diamonds lose sparkle in U.S. and China, sending prices to 14-year low

Inflation-hit consumers more likely to buy synthetic stones now

23 December 2023
Recently listed Brazilian Rare Earths is in the early stage of exploring for deposits in Brazil's northeastern state of Bahia. (Nikkei montage/Source photos by Reuters and Brazilian Rare Earths) 
Commodities

Rare earths company backed by Australian mining magnate surges on listing

Brazilian Rare Earths ends first trading day up 9% amid hopes for green tech industry

21 December 2023
A Mubadala Energy drillship used in the Layaran-1 deepwater well in the Andaman Sea off the coast of Sumatra. (Mubadala Energy)
Energy

Indonesia hopes Mubadala gas discovery off Sumatra draws investment

Find described as 'globally significant' but development obstacles cloud outlook

20 December 2023
China accounts for half of the world's steel production. (Photo by Tomoko Wakasugi)
Comment

China's surging steel exports risk new round of trade frictions

Chinese steelmakers divert excess output as demand cools at home

20 December 2023
The Chesapeake Bay Bridge in the state of Maryland is one of the iconic pieces of American infrastructure made with supplies from U.S. Steel.
Business deals

U.S. Steel deal draws immediate heat from American lawmakers

Sen. John Fetterman vows to block 'outrageous' sale to Nippon Steel

19 December 2023