Indonesian Company Partners with Nord and Sinoron to Develop Copper Foil Ecosystem
State-owned enterprise (BUMN) PT Industri Battery Indonesia (IBC), which is involved in the electric vehicle battery ecosystem, has officially partnered with Nord Investment Co., Ltd. and China Sinoron International Construction Company (SINORON) by signing a Memorandum of Understanding (MoU) for a cooperation agreement. Nord is one of the world's largest copper foil producers. This collaboration is a strategic move by IBC to encourage copper downstream projects, particularly in using cathode copper as raw material for copper sheets (copper foil) used in battery anodes and electronic PCBs. PT Industri Battery Indonesia (IBC
Chinese company obtains Indonesia's first certification for laterite nickel ore processing and smelting
Sutanto: Indonesia's Industrialization, Big Opportunities for Chinese Enterprises
Indonesia Plans to Build Ocean Energy Power Plants
Indonesia Focuses on Agricultural Downstream to Dominate ASEAN Region
Indonesia's Nickel Downstream Projects Drive Significant Export Value Growth
President Joko Widodo stated that the nickel downstream projects have successfully driven a substantial increase in export value. Indonesia's downstream nickel export value has soared from the previous IDR 33 trillion to IDR 510 trillion. As Coordinating Minister Luhut said, Indonesia's nickel export value is now USD 34 billion, leaping from IDR 33 trillion to approximately IDR 510 trillion. Jokowi stated that the downstream policy of stopping nickel ore exports has both pros and cons, and Indonesia was even sued by the European Union (EU) at the World Trade Organization (WTO). Although they lost, Indonesia is a sovereign country, and national interests come before everything else; they cannot follow anyone's orders.
World's Largest Single-Line Copper Smelter Begins Initial Production
PT Freeport Indonesia (PTFI) is preparing to commence initial production of cathode copper at its new processing and refining facility (smelter) in Gresik, East Java (Jatim). The production of cathode copper will mark an important milestone in Indonesia's downstream natural resource industry. The world's largest single-line smelter has an annual copper concentrate refining capacity of up to 1.7 million tons. Combined with the already operational first smelter, PT Smelting, the two companies will refine 3 million tons of copper concentrate annually, producing approximately 1 million tons of cathode copper, 50 tons of gold, and 220 tons of silver annually.
Indonesia Plans to Develop Downstream Kratom Industry
The Minister of Cooperatives and Small and Medium Enterprises (MenkopUKM) encourages the downstream development of various kratom products, which has huge potential, with profits of up to IDR 90 million per kilogram (Kg). In a cabinet meeting, kratom was designated as a herbal medicine. It has product potential not only for the food and beverage or catering industry but also for the pharmaceutical and health sectors. It would be a shame to only sell raw materials. The price of extract is currently up to USD 6,000 per kg, equivalent to IDR 90 million. Furthermore, he stated that the technology for downstream production equipment is relatively cheap and easy to obtain.
Influx of Chinese Imported Goods Impacts Indonesia's Domestic Ceramic Industry
In the first half of 2024, the utilization rate of national ceramic products was only 62%, a decline from 69% in 2023 and 78% in 2022. The Chairman of Asaki stated that the decline in utilization rate was due to dumping of ceramic tiles imported from China. In the first half of 2024, Chinese imports increased by 11.6% to 34.9 million square meters, resulting in obvious negative impacts and losses. Furthermore, during the 2018-2023 period, a trade deficit of $1.24 billion was recorded in ceramic import and export transactions. He believes this situation should not occur because the national ceramic industry
Zhang Gui Says: US Tariff Hikes Drive Manufacturing Overseas to Southeast Asia for Breakthroughs
On September 13, the Office of the United States Trade Representative issued a final decision on the Section 301 tariff hikes on Chinese goods, continuing to impose tariffs on Chinese products. This has drawn high attention from Chinese industries, including: • 100% tariff on imported Chinese electric vehicles • 50% tariff on solar cells • 25% tariff on steel, aluminum, electric vehicle batteries, and critical minerals The above will take effect on September 27; • 50% increase in import tariffs on Chinese semiconductors
Sinar Mas Invests IDR 4.6 Trillion to Build Data Center
Sinar Mas and Korea Investment Real Asset Management are collaborating to build a data center in Indonesia, establishing a joint venture with a project value of KRW 400 billion (IDR 4.6 trillion). According to a KED Global report, the two companies will inject KRW 70 billion (IDR 810 billion) from a joint venture called Kuningan Mas Gemilang, specifically for Korean
Indonesia Wants to Cooperate with China to Develop Coal Downstream Industry
The Indonesian government has proposed to China to develop and increase the added value of coal (PNT) through a project President Jokowi is proud of, namely downstream development in the form of other products such as coal quality improvement (coal upgrading), coal briquettes, coking, and coal liquefaction. The proposal was directly presented by the Acting Director General of Minerals and Coal on Tuesday (September 3) at the 7th Indonesia-China Energy Forum (ICEF) in Bali. This proposal is part of Indonesia's commitment to reduce the greenhouse effect in national development, as ratified through the Paris Agreement via Law No. 16 of 2016, gradually reducing coal consumption