Industry Newsletters
Indonesia's nickel industry revenue grew as much as tenfold last year
The Ministry of Investment and Downstream Industry has revealed that the nickel downstream industry program has brought significant impact on the country's revenue, with exports of nickel commodities amounting to US$30 billion (about Rp 486.56 trillion) in 2024. Prior to the implementation of the nickel downstream industry program, the state received from the nickel industry...
Up to 28 production lines shut down at several nickel smelters in Indonesia
Indonesia has recently seen a number of nickel smelters shut down production lines, including PT Gunbuster Nickel Industry (GNI), which has more than 20 ferronickel production lines, almost all of which have been shut down since the beginning of 2024, with only a handful still in operation, and it is estimated that...
U.S. tariff rate on Indonesian goods reduced to 19%
The United States reduced tariffs on Indonesian exports from 321 TP3T to 191 TP3T, making it one of the ASEAN countries with lower tariffs. According to a July 16, 2025 report by the Office of the Chief Economist (OCE) of Bank Mandiri Indonesia, ASEAN countries have a...
Chinese firm invests $2 billion in nickel smelting project
2025 China (Guangdong) - ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Construction Matchmaking and Exchange Meeting was held earlier in Guangzhou, during which Guangxin Group signed the Indonesia Guangqing Nickel and Cobalt Wet Smelting Project. The new project is jointly developed by Guangxin Group and Castle Peak Industrial...
China's anti-dumping tariffs on Indonesia will affect nickel ore prices
China will officially impose anti-dumping duties of 20.2% on Indonesia's stainless steel billets and hot rolled sheets and other products, the policy will take effect from July 1, 2025, and the validity period will be extended for five years to 2030. This policy not only targets Indonesia, but also includes products from Europe...
Chinese goods transshipment in Indonesia under U.S. scrutiny
The main threat in the current trade dynamics is not only high tariffs, but also possible impediments due to China's transit allegations, according to a researcher in the economics department of the Center for Strategic and International Studies (CSIS). The U.S.-China trade rivalry has shifted from a tariff war to reshaping global supply...
Apple to build production plant in Batam this year
US tech giant Apple will build a factory in Batam this year, which is located in the Tunas Industrial Prima industrial estate. The director of the Batam Enterprise Bureau said the plan to build the factory is ripe and Apple is currently communicating with the park's tenants, pending...
China remains Indonesia's top source of imports
Indonesia's imports in 2024 amounted to $235.2 billion, up 5.42% from $221.9 billion in 2023.Of this, oil and gas imports amounted to $36.28 billion, while non-oil and gas imports amounted to $198.9 billion.The top 10 sources of imports for Indonesia in 2024 were the C...
Land prices continue to rise in Jakarta
Jakarta Land Prices Hit Record Highs as SCBD Regions Overtake Menteng and Sudirman Land prices in Jakarta's Special Administrative Region (SAR), especially in the urban and commercial areas, continue to rise, with some land now costing up to tens of billions of rupiahs per square meter.The SCBD (Su...
Indonesia to increase imports of U.S. oil and agricultural products
The Minister of Economic Coordination has said that the Indonesian government plans to sign a Memorandum of Understanding (MoU) with the United States on Monday, July 7, 2025 on increasing imports, which involves Indonesia increasing imports of oil from the United States as well as commodities such as agricultural...