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Indonesia to stop bauxite exports by the end of 2022 – Aluminum Insider

 


Indonesian President Joko Widodo said last week that the country will stop exporting bauxite ore by the end of the year and do the same with copper ore by the end of next year.

In order to increase its downstream economy and exports of semi-finished and finished products, Indonesia restrict commodity exports, instead creating ways to process those minerals at home.

The ban on bauxite exports from Indonesia comes after the country halted all nickel ore exports in early 2020.

After nickle, [we will ban] export of bauxite. The rules are being finalized. We are preparing a foundry, explained Widodo last week.

The trade balance has already been in surplus for 19 months. Where does this come from? Of the cessation of nickel exports. The figure was recorded at 20.8 billion US dollars. In the past, nickel ore exports amounted to at least 2 billion US dollars per year, which means that this is a very high jump.

Widodo said the rules are in place as the alternative energy source needs to come online as soon as possible, most likely in the form of new and renewable energy sources.

Everything must be developed so that it (the country’s energy) does not depend solely on coal. Indonesia has great potential, Widodo continued.

Indonesia’s main buyers for its bauxite ore are neighboring Asian countries, including the People’s Republic of China.

Sources

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2/ https://aluminiuminsider.com/indonesia-to-halt-bauxite-exports-by-end-of-2022/

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