Commodity Outlook - Indonesia 3Q24F nickel preview
MW EPLargely in line with our view (see Indonesia Nickel: Nickel ore drives downstream prices, 16 August 2024),
Largely in line with our view (see Indonesia Nickel: Nickel ore drives downstream prices, 16 August 2024),
ANTM’s subsidiary, PT Gag Nikel (PTGN, unlisted), has announced a 30% stake acquisition of a Tsingshan-owned R
HRUM has announced a strategic partnership with Eternal Tsingshan (ET, unlisted) to release up to 49% of its n
MDKA recorded 2Q24 earnings of USD3mn, below our/consensus estimates.
Basic Materials MDKA JK MDKA IJ Michael Wildon Ng Edward Prima
Brent Crude futures are back to USD81/bbl, recovering from a 13% decline in July.
All local nickel producers under our coverage posted significant margin recoveries following the rise in
ANTM recorded a strong earnings recovery in 2Q24, with profits surging 450% q-q and 479% y-y.
In our recent report, we mentioned that one of the main catalysts for MEDC is AMMN IJ (Not rated)s operational
Overall results were above our projections, with 2Q24 profit of IDR1.8tn (+80% q-q), bringing 1H24 profit to