Indonesia mulls over ban on bauxite, tin exports this year
2022-05-19 15:27:07 [Print]
Indonesia's Minister of Investment and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said on Wednesday that the government would ban the export of bauxite and tin this year.
The policy was decided as part of the government's effort to develop the domestic downstream mineral industry and raise the added value of mining commodities.
Bahlil said that Indonesia's export ban on nickel ores had been proven effective to boost the export of one of the commodity's derivative products, which is stainless steel.
In addition, said Bahlil, the export ban on raw mining and mineral commodities also brings positive impacts to the trade balance, especially with China.
The minister added that after nickel, Indonesia will also stop exporting bauxite in raw form. "We will stop exporting bauxite in 2022 and tin in late 2022," he remarked.
The policy was decided as part of the government's effort to develop the domestic downstream mineral industry and raise the added value of mining commodities.
Bahlil said that Indonesia's export ban on nickel ores had been proven effective to boost the export of one of the commodity's derivative products, which is stainless steel.
In addition, said Bahlil, the export ban on raw mining and mineral commodities also brings positive impacts to the trade balance, especially with China.
The minister added that after nickel, Indonesia will also stop exporting bauxite in raw form. "We will stop exporting bauxite in 2022 and tin in late 2022," he remarked.
Bauxite Guinean 45%min CIF China
Unit:USD/dt
China bauxite producers' inventory statistics by province by month
Unit: mt
