Indonesia's cobalt production and reserves are the world's second largest
Indonesia's cobalt production in 2023 was second only to the world's largest cobalt producer, the Democratic Republic of Congo, which produced 170,000 tons of cobalt in 2023, while Indonesia produced 17,000 tons in the same year, up from 9,600 tons in 2022.Russia in 2023, with 88...
China was the main destination for Indonesia's imports and exports last year
Indonesia's exports and imports performed positively in 2024 and the economy remained stable. On the export side, total exports for the year amounted to USD 264.7 billion, up 2.29% year-on-year, and the volume of exports increased by 5.37%.The non-oil and gas sector was the mainstay of exports, with fuel...
Indonesia's 21 downstreaming projects worth a total of $618 billion
The Minister of Energy and Mineral Resources has revealed that the National Investment Management Agency (BPI Danantara) will fund downstreaming projects. President Prabowo, in a closed-door meeting with the Task Force on Downstreaming and Energy Sovereignty, decided that 20...
Chinese companies invest in developing Indonesia's bamboo industry
The Ministry of Industry facilitates potential investors from China, Germany and Europe who are interested in developing bamboo industry in Indonesia. The Deputy Minister of Industry mentioned this in his speech at the opening ceremony of the Indonesia International Furniture Fair in Jakarta. This ...
Indonesia's parliament asks government to take measures against illegal imports
The Deputy Chairperson of the Seventh Committee of the Indonesian Parliament urged the government to take immediate and strong measures to save the domestic industry from the onslaught of a large number of imported goods. She emphasized that this issue cannot be handled by the Ministry of Industry alone, but should be nationally addressed by all ministries and relevant...
Steel associations support anti-dumping import duties
The Indonesian Iron and Steel Industry Association (IISIA) has welcomed the implementation of the Anti-Dumping Import Duty (BMAD) policy, which is seen to preserve the competitiveness of the domestic steel industry and discourage lower-priced imported steel products.The BMAD is a measure of...
Indonesia imposes anti-dumping duties on mainland and Taiwan nylon films
The Finance Minister has imposed anti-dumping duty on imports of nylon film products from mainland China, Thailand and Taiwan, China, as the export prices of the imports in question are lower than the normal value, resulting in losses to the indigenous industry. The provision is effective from 2025 3...
Indonesia plans to impose royalties on multiple metals
Cobalt prices on the London Metal Exchange stood at $29,210 per ton today, up 5.261 TP3T from the previous session's close, while nickel prices were down 0.351 TP3T at $16,493 per ton, well below the record high selling price of 2022-2023. 2023-2024...
Huawei officially launches folding screen phone in Indonesia
Huawei has officially launched the folding phone Huawei Mate X6 in Indonesia, and Huawei Devices Indonesia senior retail manager said the promotional price will be valid for the next month at Rp 24,999,000. The Huawei Mate X6 is available in two colors...
Chinese medical company invests in Indonesian factory
PT Kawasan Industri Nusantara (PT KINRA), a subsidiary of PTPN III, has signed an investment agreement for the glove and medical equipment industry from China at the Sei Mangkei Special Economic Zone in North Sumatra, a deal worth 2.97...
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