Indonesia 90% downstream projects from mining sector by 2040

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The Minister of Energy and Mineral Resources has revealed that the downstreaming of Indonesia's 90% by 2040 will focus on minerals and coal.This plan is based on the roadmap of the Ministry of Investment and Downstreaming, which aims to enhance value addition to the raw material. Nickel exports increased from $3.3 billion in 2017-18 to $34-40 billion in 2025.

Indonesia has global reserves of 421 TP3T of nickel (world's first), tin (16.31 TP3T, world's second), and bauxite (41 TP3T, world's sixth).The government will continue to implement the policy of banning the export of raw materials, while building a complete industrial chain (e.g., electric vehicle battery ecosystem) and strengthening the collaboration between the Ministry of Energy and Mining and the Ministry of Investment.

The Minister pointed to domestic and international resistance, including the reluctance of some countries to see the success of Indonesia's industrialization and the preference of domestic vested interests for a raw material export model.The government plans to transform the economy through the downstreaming of 28 commodities (including palm oil, seafood, etc.).

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