Shares of PT Adaro Minerals Indonesia have moved sideways since sliding from a peak in April, but still have more than double the returns of the runner-up.
| In a turbulent year marred by global monetary tightening, recession fears, and a war in Ukraine, a mining stock in Indonesia is proving to be the world’s best performer with a whopping 1595 per cent rally.
Analysts see more gains thanks to Adaro’s strategy to use its windfall profit to diversify into aluminum and battery making for electric vehicles.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: