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President Joko Widodo has pulled out all the stops to convince CEO Elon Musk to manufacture electric vehicles or batteries in the sprawling Southeast Asian archipelago. "The Indonesian government is building a whole value chain for servicing electric vehicle factories," said Victor Chin, principal consultant at metal consultancy firm CRU. Musk's goal is to sell 20 million electric vehicles in 2030, more than a 15-fold increase over the 1.3 million vehicles Tesla sold in 2022. Jokowi did not give a timeline for the exports growth but said Indonesia was aiming to establish an integrated supply chain for electric vehicle batteries by 2027. In other moves, Indonesia will also ban exports of copper ore and bauxite in June, both of which are used in electric vehicle production.

☆ Meat bans, soaring gold prices and ‘un-Brexit’? One bank's ‘outrageous’ predictions for 2023
▼ + stars: | 2022-12-25 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +5 min

Meat bans, soaring gold prices and Britain voting to 'un–Brexit' could be on the cards for 2023, according to Saxo's Outrageous Predictions. Bloomberg / Contributor / Getty ImagesSaxo Bank's "outrageous predictions" for 2023 include a ban on meat production, skyrocketing gold prices and Britain voting to "un-Brexit." "I think gold is going to fly," he added. Meat production to be banned Meat is responsible for 57% of emissions from food production, according to research published by Nature Food, and with countries across the world having made net-zero commitments, Saxo says it is possible at least one country could cut out meat production entirely. Meat is responsible for 57% of emissions from food production, according to research published by Nature Food.

☆ Analysis-Bumper green aluminium output is good news for carmakers, and climate
▼ + stars: | 2022-12-17 | by ( Eric Onstad | ) www.reuters.com time to read: +6 min

Next year’s forecast increase in “green aluminium” output would reduce that by 13 million tonnes, or about 1.2%. Polestar said it pays slightly more for green aluminium, partly due to the administrative costs of changing suppliers, but did not say how much more. Producers, however, are still managing to sell some of their low-carbon output at higher prices under quarterly and annual contracts. Rising output of both will keep green premiums relatively low in the coming years, said Marcelo Azevedo at the McKinsey consultancy. GRAPHIC: Abundant Supplies of Green Aluminium - here

☆ Analysis: Bumper green aluminium output is good news for carmakers, and climate
▼ + stars: | 2022-12-17 | by ( Eric Onstad | ) www.reuters.com time to read: +6 min

Next year's forecast increase in "green aluminium" output would reduce that by 13 million tonnes, or about 1.2%. Polestar said it pays slightly more for green aluminium, partly due to the administrative costs of changing suppliers, but did not say how much more. "The cost per reduced kg of CO2 emissions when shifting to green aluminium is still significantly lower than many other ways of reducing raw material emissions," a company spokesperson told Reuters. Producers, however, are still managing to sell some of their low-carbon output at higher prices under quarterly and annual contracts. Rising output of both will keep green premiums relatively low in the coming years, said Marcelo Azevedo at the McKinsey consultancy.

LONDON, Dec 8 (Reuters) - A wave of new copper mine supply is washing through the market, with smelters reaping the benefits in higher treatment and refining charges (TCRCs). Annual benchmark copper smelter treatment and refining chargesNEW MINES, OLD PROBLEMSOnly two major copper mines were brought on stream between 2017 and 2021, according to the International Copper Study Group (ICSG). Moreover, what is not produced for whatever reason in 2022 will be deferred into 2023, when the ICSG expects the world's copper mines to produce 5.3% more metal. While mined production was up by 3.5% in January-September, refined copper production growth lagged at 2.3%, according to the latest ICSG estimates. Glencore says it can raise its copper production by around 60% to 1.6 million tonnes per year through relatively low-cost brownfield expansions.

☆ Another OPEC? Indonesia wants to create a cartel for battery metals
▼ + stars: | 2022-12-05 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

The nickel market is also structured very differently than the market for crude oil, with private firms rather than national companies running the show. The country now accounts for more than 38% of global refined nickel supply, according to data from market intelligence firm CRU Group. People who track the nickel market are skeptical such an arrangement is workable. But other countries that have direct access to battery metals and other important minerals also want a say. “The metals market and its importance to the energy transition is something we’re all waking up to and adapting to how it’s going to work in practice,” Bronze said.

☆ 7 CEOs on the ‘innovative’ and ‘timely’ books everyone should read this winter
▼ + stars: | 2022-11-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Many of the world's most successful CEOs and business leaders swear by their reading habit. CNBC Make It asked 7 CEOs to share their favorite reads for the holiday season. It is so timely and necessary given the pace of work and the amount of distractions. Unlike reading a typical book, which can feel passive, 'Embrace The Work, Love Your Career' is an experiential journal. This book is a quick read that really helped me connect to the ways we tend to tell ourselves stories to self-justify our thoughts and actions.

☆ Fertilizer Producers Add Back Cut Production Amid Lower Gas Prices
▼ + stars: | 2022-11-01 | by ( Yusuf Khan | Jenny Strasburg | ) www.wsj.com time to read: 1 min

European fertilizer producers are restarting production across the continent, spurred on by the recent, sharp fall in natural-gas prices, though other energy-intensive industries are taking a wait-and-see approach to their own capacity cuts. Norway’s Yara International ASA, one of the world’s largest fertilizer companies, said that it was now operating at 65% of its European ammonia capacity—having slashed output to just over a third of its total capacity for much of the second half of this year. Commodity research firm CRU International Ltd. said Yara’s moves are in line with other producers. Overall, European fertilizer output is now at about 63% of total capacity, having previously stood at around 37% at the start of October, CRU said.

☆ Factbox: Credit Suisse's strategic overhaul at a glance
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +3 min

Here are main elements of the new strategy:CAPITALThe bank plans to raise 4 billion Swiss francs ($4.06 billion) to strengthen its balance sheet. It aims to reduce its cost base by 15%, or around 2.5 billion francs, to reach around 14.5 billion in 2025. INVESTMENT BANKThe bank will spin off its capital markets and advisory activities into a separate business as CS First Boston, in a renewal of a former brand. CS First Boston, will aim to attract third-party capital as well as a preferred long-term partnership with the new Credit Suisse. Credit Suisse will keep its Markets business, including the strongest trading business.

☆ Factbox: Who's in and out in Credit Suisse's day of reckoning
▼ + stars: | 2022-10-27 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +5 min

Oct 27 (Reuters) - Credit Suisse's (CSGN.S) latest shake-up has led to the promotion of some senior executives to more powerful roles while others are leaving. IN:MICHAEL KLEINA former Citigroup Inc (C.N) dealmaker, Klein has been named adviser to Credit Suisse CEO Ulrich Körner. He was hired by former Credit Suisse boss Tidjane Thiam in 2017 to run equity derivatives globally. A Spanish national, Lopez Lorenzo joined Credit Suisse in 2015 from JPMorgan (JPM.N) where he was a managing director in New York. The 47-year-old banker was part of a new crop of executives who had been tasked to restore Credit Suisse's reputation after a series of scandals.

☆ I'm a 23-year-old who's saved more than $107,000 by waitressing and bartending in Nantucket and Aspen. Here's what it's like being a seasonal worker.
▼ + stars: | 2022-03-02 | by ( Lauryn Haas | ) www.businessinsider.com time to read: +15 min

Sam Madden, 23, has worked as a nanny, waitress, and bartender in Nantucket and Aspen for six years. I had some money saved to pay for rent because I'd worked at McDonald's and Olive Garden throughout high school. In the main house, there were a bunch of college guys and girls who all worked at the Nantucket Yacht Club, and I thought that their summer looked like so much fun. My manager saw that I had bartending on my résumé from the yacht club and asked if I wanted to start bartending. She lived with a manager of a restaurant called Cru, which is kind of the "It" restaurant on the island.

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