Indonesia considers export tax for products with less than 70% nickel content
2021-09-18 12:23:14 [Print]
Indonesia is exploring the possibility of levying an export tax on nickel products with less than 70% nickel content to drive expansion of its domestic processing industry, Investment Minister Bahlil Lahadalia said on Sep. 17.
Most nickel products exported from Indonesia have nickel content of 30% to 40% and could be refined further domestically to at least 70% content, Bahlil said.
"If producers want to export the products with less than 70% nickel content, it is possible that we apply an export tax," he said, adding that discussions were at an early stage and no details had been decided yet.
Most nickel products exported from Indonesia have nickel content of 30% to 40% and could be refined further domestically to at least 70% content, Bahlil said.
"If producers want to export the products with less than 70% nickel content, it is possible that we apply an export tax," he said, adding that discussions were at an early stage and no details had been decided yet.
Nickel Ore Philippine 0.8%min CIF China
Unit:USD/mt
China refined nickel producers' sales to production ratio statistics by province by month
Unit: %
