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India's state-owned NMDC has suspended plans to develop nickel mines, citing concerns about oversupply from Indonesia — which accounts for over 60% of global nickel output, two company officials said. Earlier reports said NMDC and the Steel Authority

2026-10-19

India's state-owned NMDC has suspended plans to develop nickel mines, citing concerns about oversupply from Indonesia — which accounts for over 60% of global nickel output, two company officials said. Earlier reports said NMDC and the Steel Authority of India were exploring increased Russian nickel imports and purchases of coking-coal assets; India listed nickel as a critical mineral in 2023 and remains reliant on imports. A senior NMDC official said, "Given current oversupply in Indonesia, we have temporarily shelved our nickel mine investment plans." The official added NMDC has been unable to secure a meeting with Russia's Norilsk Nickel despite repeated outreach and said the company is interested in acquiring Russian nickel assets to secure supply, without specifying why it sought talks with Norilsk.

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2026-10-19

UK media reported the UK trade minister said London must coordinate with the EU to address China’s dominant position in the auto sector and is discussing possible tariffs on Chinese electric vehicles with European partners. A MOFCOM spokesperson said

UK media reported the UK trade minister said London must coordinate with the EU to address China’s dominant position in the auto sector and is discussing possible tariffs on Chinese electric vehicles with European partners. A MOFCOM spokesperson said Sino‑UK auto cooperation is complementary and mutually beneficial, urged the UK to adhere to WTO rules and reconsider any move, and warned Beijing will closely monitor UK actions and firmly retaliate if the UK implements restrictions or tariffs on Chinese EVs to protect Chinese industry’s legitimate rights.
2026-10-20

Indonesia's stock index rose to 3%.

Indonesia's stock index rose to 3%.
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