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PT Timah (Persero) Tbk announced a record net profit of <strong>1.5 trillion Indonesian rupiah</strong> in the first quarter of 2026, exceeding its target by <strong>595%</strong>. This achievement is attributed to a significant increase in production and operational improvements.
The Chinese metal industry has started the year strongly, recording its highest profits in over a decade due to significant increases in aluminum and copper prices. These results reflect a remarkable recovery in the sector.
Vale's management confirmed during an investor event that the company will focus on developing existing assets rather than pursuing acquisitions, indicating no immediate plans for public listing of its unit. This approach reflects Vale's strategy to enhance operational efficiency amidst significant global market changes.