Indonesia

Indonesia Revokes 28 Mining and Forestry Permits Following Deadly Sumatra Floods

In a move that has sent shockwaves through Southeast Asia’s commodities markets, Indonesian President Prabowo Subianto has officially revoked the business permits of 28 companies operating across the mining, forestry, and plantation sectors in Sumatra. The decision, announced on January 20, 2026, marks one of the most aggressive environmental

Nickel

South Korea’s Sphere Secures $2.4 Billion Foothold in Indonesian Nickel as Global Supply Chain Bifurcates

In a landmark move that signals a deepening integration between high-tech manufacturing and raw material extraction, South Korean materials giant Sphere Corp (KOSDAQ: 347700) has officially acquired a 10% stake in the Excelsior Nickel Cobalt (ENC) project in Indonesia. The deal, announced on January 2, 2026, involves the purchase of