Indonesia's total ban on rare earth metal exports

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The Government of Indonesia has announced a total ban on the export of all rare earth metals and their by-products, issued by the Minister of Energy and Mineral Resources.It is aimed at implementing President Prabowo's directive to strengthen the country's control over strategic resources.

Indonesia's rare earth resources are mainly associated withTin mining by-products(e.g. monazite, yttrium phosphorite)contain17 speciesrare earth element (chemistry)The demand for permanent magnet materials such as neodymium (Nd) and praseodymium (Pr) accounted forGlobal consumption 60% or moreThe

New Minerals Industry Authority to lead value-added processing of rare earths in August, prioritizing the development of unissued mining permits (IUP) by state-owned enterprises. Rare earth permanent magnet materials account for 90% of the global market value, and Indonesia proposes to pass thelocal processingObtaining Higher Profits. Existing exports of tin by-products do not fully reflect the strategic value of rare earths, and the ban promotesExtension of the industrial chainThe

Government will focus on regulationBy-product flows from tin mining enterprisesBy means of theBUMN (State-owned enterprises)Dominant Rare EarthsRefinement and application development, building a complete industrial chain. The move is seen as IndonesiaReducing Primary Mineral Exports and Increasing Value Added to ResourcesA key step in the process.

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