What is the electric car battery? Indonesia’s export of raw ore is "stepping on the brake"
On November 9, the report of the road recently reported that Indonesian President Georco Divisuo has recently stated that the country is planning to use the export of all bulk products to attract investments in the field of local resource processing, and create employment.
According to reports, Indonesia has banned nickel, tin and copper exports to encourage downstream industries, including production of electric vehicle batteries and aluminum processing.
Sagko said in an interview that the Indonesian government is currently carrying out a study of other commodities downstream industries, long-term goals are no longer only sold raw materials.
Sago said: Don’t surprise. We have previously had nickel (export ban).
Next year, we may stop the aluminum ore export. In a year, we may stop exporting other things. According to the current provisions, Indonesia will prohibit aluminum ore exports in 2023.
We really hope to step on the raw materials, because there is no added value, you can’t create employment, Zuke added, this policy will affect all commodities.
He said that it is considering stopping the unprocessed palm oil, but he refused to reveal when the policy will be introduced. Schoku also also said that Indonesia will no longer export vegetable oil crude oil, will turn to the production of cosmetics, artificial butter and biodiesel and other finishing products.
Indonesia is the world’s largest palm oil, thermal coal and tin exporter.
It is also the main exporter of rubber and copper and other products.