11:23 PM EST, 11/11/2026 (MT Newswires) -- Indonesian mogul Andi Arsyad, also known as Haji Isam, is considering acquiring all or a portion of Eramet's (ERA.PA) 38.7% stake in the PT Weda Bay Nickel mine in Indonesia, Bloomberg News reported Wednesday, citing people familiar with the matter. One unnamed source said the French mining and metallurgy company may value the mine at up to $4 billion in the deal. The people noted that considerations are ongoing and final decisions are yet to be made. People familiar with the matter previously said the stake also piqued the interest of other potential buyers, including Indonesian sovereign wealth fund Danantara, the report noted. Eramet and Haji Isam's conglomerate, PT Jhonlin Group, did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.