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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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
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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