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Saudi Arabia, Indonesia Boost Cooperation in Mining Sector

File photo of the Saudi capital Riyadh - File/AAWSAT
File photo of the Saudi capital Riyadh - File/AAWSAT
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Saudi Arabia, Indonesia Boost Cooperation in Mining Sector

File photo of the Saudi capital Riyadh - File/AAWSAT
File photo of the Saudi capital Riyadh - File/AAWSAT

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef signed in Jakarta a memorandum of understanding with Minister of Energy and Mineral Resources of Indonesia Bahlil Lahadalia to boost strategic cooperation and facilitate the exchange of expertise between the two countries in the mining and minerals sector.

The MoU aims to transfer knowledge in the field of mining, mineral production and processing, mining exploration, geological surveys, and sustainable mining practices, SPA reported.
The signing of the MoU takes place during Alkhorayef's official visit to Indonesia, where he is leading a high-level delegation from the industry and mining sector to strengthen economic ties, attract quality investments to the Kingdom, and explore mutual investment opportunities across the mining, food, pharmaceuticals, and automotive sectors.

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China Slaps Anti-dumping Duties on Plastics from US, EU, Japan, Taiwan

Motorists commute on a road in the Sanlitun business district in Beijing on May 14, 2025. (AFP)
Motorists commute on a road in the Sanlitun business district in Beijing on May 14, 2025. (AFP)
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China Slaps Anti-dumping Duties on Plastics from US, EU, Japan, Taiwan

Motorists commute on a road in the Sanlitun business district in Beijing on May 14, 2025. (AFP)
Motorists commute on a road in the Sanlitun business district in Beijing on May 14, 2025. (AFP)

China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan.

The commerce ministry's findings conclude a probe launched in May 2024, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports.

POM copolymers can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics and medical equipment, the ministry has said.

In January the ministry said initial investigations had determined that dumping was taking place, and implemented preliminary anti-dumping measures in the form of a deposit starting from January 24.

According to Sunday's announcement, the highest anti-dumping rates of 74.9% were levied on imports from the United States, while European shipments will face 34.5% duties.

China slapped 35.5% duties on Japanese imports, except for Asahi Kasei Corp, which received a company-specific rate of 24.5%.

General duties of 32.6% were placed on imports from Taiwan, while Formosa Plastics received a 4% tariff and Polyplastics Taiwan 3.8%.

Hopes have risen that the US-China trade war is easing after the two sides said on Monday they had agreed to slash reciprocal tariffs in a 90-day truce, a deal that state mouthpiece the Global Times said on Friday should be extended.

The Asia-Pacific Economic Cooperation group of nations warned of "fundamental challenges" facing the global trading system in a communique on Friday after a meeting in South Korea.