Why is Indonesia limiting exports of raw minerals?
Riding on the global energy transition, Indonesia is aiming to limit exports of the country’s raw minerals in order to encourage investment in locally based processing facilities. So far, this strategy seems to be yielding the desired results, with foreign investment rising strongly.
How does Indonesia's export ban affect foreign investment?
The potential impact of the export ban is examined using datasets that illustrate a shift in the composition of Indonesia’s exports to higher-value nickel products, increases in downstream production, and more foreign investment in Indonesia following the ban.
How is Indonesia regulating exports?
As part of its efforts to strengthen domestic industries and promote economic resilience, the Indonesian government is taking an active role in regulating export activities. One of the key instruments in this strategy is the issuance of a new regulation governing the list of export-banned commodities.
Will Indonesia stop exports of raw commodities?
President Joko Widodo of Indonesia has publicly stated that he intends to wean the country off exports of raw commodities by forcing producers to conduct processing and manufacturing onshore. To that end, he led the ban of nickel ore exports in , limiting exports to refined products.
Why has Indonesia shifted from exporting resources to storing natural resources?
This development would also be in line with the demand for copper that has elevated since the increase of projects in renewable energy power plants in Indonesia. As a result, Indonesia has commenced its shift to from exporting resources (for example, nickel ore for smelters) to storing domestic natural resources.
Can a company export mineral concentrates in Indonesia?
These licenses allowed companies to export mineral concentrates.53 Following an announcement in August , Indonesia reinstated the full export ban as of January 1, (earlier than the January date previously announced), which essentially halted all exports of nickel ores and concentrates. 54
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Indonesia introduces export restrictions
Riding on the global energy transition, Indonesia is aiming to limit exports of the country’s raw minerals in order to encourage investment in locally based processing facilities. So far, this strategy seems to be
Indonesia's Ongoing Strategy To Ban The Exportation Of Raw
President Joko Widodo had previously announced a ban on the export of raw materials in the form of nickel that entered into effect on January as well as a ban on the
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Indonesia is home to 22% of the world’s nickel reserves, and its ban on nickel ore exports since has caused major shifts in the supply chains of strategic products such as
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The Indonesian government has issued a regulation allowing mineral companies to export unprocessed ore in force majeure situations, the energy ministry said on Thursday.
Indonesia Updates List of Export-Banned Commodities
Indonesia issued a new regulation on the list of export-banned commodities, aimed at enhancing the country’s long-term industrial competitiveness.
Indonesia introduces export restrictions
Riding on the global energy transition, Indonesia is aiming to limit exports of the country’s raw minerals in order to encourage investment in locally based processing facilities.
Indonesia's Ongoing Strategy To Ban The Exportation Of Raw
President Joko Widodo had previously announced a ban on the export of raw materials in the form of nickel that entered into effect on January as well as a ban on the
Indonesia promulgates Ministerial Regulation on export restriction
The former specifies goods that are prohibited from being exported from Indonesia, while the latter specifies goods that are subject to licensing or other requirements to be exported.
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Indonesia cannot build batteries and EVs without capital, technology and know-how from foreign partners, only a few firms in the world can provide it. This means even though
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Indonesia, the world’s largest producer of nickel, has found itself at the center of a significant trade dispute at the World Trade Organization (WTO) over its policies concerning
