Bisnis.com, JAKARTA — PT Vale Indonesia Tbk. (INCO) is expected to deliver an attractive performance this year, underpinned by robust growth potential, particularly from various new smelter projects.

Progress on Vale Indonesia’s High Pressure Acid Leaching (HPAL) smelter developments in Pomalaa, Southeast Sulawesi; Bahodopi, Central Sulawesi; and Sorowako, South Sulawesi, has seen meaningful developments.

Bisnis.com, JAKARTA — PT Merdeka Battery Materials Tbk. (MBMA) is projected to experience a short-term rebound after posting a sharp profit increase in Q2/2025, marking a turnaround from the net loss recorded in the previous quarter.

As of June 30, 2025, MBMA reported a profit attributable to the parent company of $5.85 million, or around IDR 94.98 billion (exchange rate of IDR 16,231 per US dollar).