Indonesia cuts tax breaks to discourage low quality nickel investment-minister

By Fransiska Nangoy, Stefanno Sulaiman JAKARTA (Reuters) -Indonesia has cut tax incentives to limit investment in lower quality nickel products as it aims to extract as much value as possible from its rich nickel reserves and push for further downstream investment, a cabinet minister said on Wednesday. The government is aiming for around $95 billion…

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Albemarle agrees $1.5 billion plan to double Australian lithium hydroxide output

MELBOURNE (Reuters) -Albemarle has agreed to double the capacity at its lithium hydroxide processing operations in Western Australia to 100,000 tonnes by 2026 and spend around $1.5 billion to build two more trains at the facility, Albemarle said on Wednesday. Construction is expected to start immediately at Albemarle’s Kemerton operations south of Perth, with the…

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Families of US detainees urge Biden to do more to deter hostage-taking

By Humeyra Pamuk WASHINGTON (Reuters) – U.S. citizen Jose Pereira, who was “wrongfully detained” in Venezuela exactly one year ago, stood meters away from the White House on Wednesday and pleaded with U.S. President Joe Biden to step up efforts to bring home Americans detained abroad. Pereira was among the executives who worked for U.S….

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IMF Sees Uncertainty Over Japan's Monetary Policy, Spillover Globally

IMF Sees Uncertainty Over Japan’s Monetary Policy, Spillover Globally

By Leika Kihara (Reuters) -The International Monetary Fund on Thursday warned of “uncertainty” around the direction of Japan’s monetary policy, saying a possible shift from ultra-low interest rates could have a significant impact on global financial markets. Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, also pointed to risks surrounding Asia’s economic outlook…

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