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Briefing
markets

Stocks Rebound, Have Best Day Since 1933

By
Kevin Dugan
· · Source: The Information

The Dow Jones Industrial Average rose 11% on Tuesday, its best day since 1933, as Congress and the White House appeared to be getting closer to passing a stimulus deal worth at least $1.6 trillion. While lawmakers haven’t settled on all aspects of the bill, drafts of the legislation have included zero-interest loans to businesses that keep their employees and as much as $7,500 per family to pay...

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Mixed hydroxide precipitate, the go-to feedstock for battery nickel sulfate, on a conveyor belt at Indonesia's Harita Group, which pioneered the process. Photo: Dimas Ardian/Bloomberg
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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