Steel News

We strive to let you one step ahead of the market.

Indonesia to ban raw mineral exports on June 10, 5 companies excluded

9 Jun 2023 15:01 reported by Joy Liu

A A A
Indonesia’s Ministry of Energy and Mineral Resources will officially implement a ban on raw mineral exports on June 10, 2023, but the exports for copper, iron ore, lead, zinc, and anode mud will be allowed until May 2024.

In spite of the ban on raw mineral exports, five companies, whose smelter construction progress rate is above 50%, are allowed by the government to continue exporting raw and processed minerals. The companies include PT Freeport Indonesia, PT Amman Mineral Industri, PT Sebuku Iron Lateritic Ores, PT Kapuas Prima Citra, and PT Kobar Lamandau Mineral, with separate physical progress of 54.52%, 51.63%, 89.79%, 100%, and 89.65%.

According to market participants, the export ban will affect state revenues and employment, and around IDR 200.7 trillion in losses will be brought out by the policy. For those companies that cannot export raw minerals after June 10, the government will provide them with opportunities to sell domestically.

Back to Steel News

Related News

India to start carbon trading from 2025

  • Government policies
  • 28 Sep 2023 16:31

Mexico initiates AD investigation on China’s steel nails for concrete

  • Government policies
  • 28 Sep 2023 15:56

EAEU to maintain AD measure on China’s rolling-element bearings

  • Government policies
  • 28 Sep 2023 15:55

Mexico continues AD investigation on China’s steel grinding balls

  • Government policies
  • 28 Sep 2023 15:55

Mexico launches AD sunset review on Ukraine’s ferrosilicomanganese

  • Government policies
  • 27 Sep 2023 16:55

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,559.00
  • 2,578.50
  • Aluminum
  • 2,231.50
  • 2,263.00
  • Copper
  • 8,111.50
  • 8,168.00
  • Nickel
  • 18,600.00
  • 18,850.00

Learn more

Coil Exchange Center

  • 2B Coil-Nov
  • 2,710
  • 2,570
  • NO1 Coil-Nov
  • 2,680
  • 2,540
  • 2B Coil-Nov
  • 2,710
  • 2,570
  • NO1 Coil-Nov
  • 2,680
  • 2,540

Learn more