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Topics include carmaker investing in Indonesian nickel, meme-stock resurgence, new Russian defense minister, China's $140bn debt sale to boost economy
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- Stellantis considers investing in Indonesian nickel for electric vehicle batteries, highlighting the importance of securing sustainable raw material sources.
- Russia appoints economist Andrei Belousov as defense minister, signaling a strategic focus on managing defense budget and resources effectively for prolonged conflict.
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Stellantis Explores Investment in Indonesian Nickel
Stellantis, the parent company of Jeep, Fiat, and Chrysler, is considering investing in Indonesian nickel, a crucial component in electric vehicles. By collaborating with mining and processing companies in Indonesia, Stellantis aims to secure the nickel necessary for building electric vehicle batteries. Indonesia holds a significant portion of the world's nickel resources, making it essential for automakers looking to establish an electric vehicle battery supply chain. The move signifies a strategic decision by Stellantis and other Western car manufacturers to ensure a sustainable source of raw materials for future electric vehicle production.
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