
Indonesian state aluminum firm calls for moratorium on new refineries due to oversupply risk
Indonesian state aluminum company PT Inalum on Tuesday called for the government to impose a moratorium on new alumina and aluminum plants due to fears of oversupply and pressure on the country’s bauxite reserves.Resource-rich Indonesia is keen to promote the development of domestic metal industries, and has banned exports of raw minerals to boost investment in domestic plants.Rapid investment in nickel smelters has made it the biggest exporter of nickel products, and analysts have said investors are now looking to the aluminum sector.

Savannah speeds up Portugal lithium project, sees longer lifespan
London‑listed Savannah Resources is accelerating work on its lithium project in Portugal, increasingly confident it can be globally competitive and help to reduce Europe’s reliance on Chinese supplies of the metal used to manufacture batteries, CEO Emanuel Proença told Reuters on Tuesday.Confirmed resources at the Barroso deposit of spodumene – a lithium‑bearing mineral – in northern Portugal were raised in September to over 39 million metric tons, from 28 million metric tons, which was already Europe’s largest.





