Country with the world’s richest nickel reserves high on Musk’s radar

Published

4 years ago

May 23, 2022

Brittany Coles

Indonesia’s President Joko Widodo visited Washington as his U.S. counterpart Joe Biden visits Asia to court the region against growing Chinese influence

But it was the President’s visit to Texas that has the world talking.

Widodo met with Tesla and Space X founder Elon Musk at the private space agency’s headquarters

Musk is hinting at major Tesla and Space X partnerships in Indonesia, which has the world’s richest nickel reserves.

Musk declared he was “very interested” in the future of Indonesia, a country of 270 million people.

The world’s richest man also said Indonesia has “positive energy” and says future collaboration will be on many fronts.

But environmental groups aren’t happy, they say nickel mining has caused environmental and health hazards in Indonesia

Along with Australia, Indonesia has the world’s largest nickel reserves.

Despite concerns, Indonesia is seeking to cash in on the global transition to electric vehicles by luring foreign investment from the likes of Musk.

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Stocks slide and Trump cancels talks: What’s next for markets and Greenland?

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

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January 15, 2026

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U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.

Wells Fargo shares tumbled more than 5% after disappointing revenue results, while Bank of America is down roughly 7% week to date. Citigroup and Wells Fargo have both seen declines of about 8%, highlighting volatility in the banking sector.

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US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

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US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

The US budget deficit has dropped to $1.67 trillion in 2025, the lowest in three years, driven by record customs revenue from President Donald Trump’s tariffs. While this marks a positive shift for the economy, challenges loom with potential Supreme Court rulings on tariffs and falling corporate tax receipts.

David Scutt from StoneX explains the key factors behind the decline in the deficit and what December’s figures reveal about the overall fiscal health of the US.

We also explore the potential implications of upcoming Supreme Court decisions and how the One Big Beautiful Bill Act could impact future deficits. Stay informed on what these changes mean for the economy and markets.

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#USBudget #DeficitUpdate #TrumpTariffs #FiscalPolicy #Economy2025 #SupremeCourtImpact #CorporateTaxes #FinancialNews

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How to position investments for 2026: Expert advice on market cycles

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

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1 day ago

January 14, 2026

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As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

As 2026 begins, investors are navigating an evolving market landscape. Experts stress that positioning your investments strategically is far more important than trying to predict market movements.

Key factors include focusing on quality companies, maintaining strong cash flow, and diversifying intelligently.

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