Industry News

Chairman of Indonesian Chamber of Commerce and Industry supports ban on bauxite exports

Views : 75
Update time : 2022-12-29 18:49:42
Arsjad Rasjid, the Chairman of the Indonesian Chamber of Commerce and Industry, expressed his support for President Joko Widodo’s decision to impose a ban on Indonesia’s bauxite exports from June next year, saying that the policy is in line with Law No. 3 of 2020 on mineral and coal mining and it will help raise the added value of the domestic natural resources.

He believed that the policy will encourage downstream industries to process bauxite into aluminum ingots, further having an impact on the national economy. The demand was expected to be fully met by Indonesia's domestic aluminum industry in the next few years. The current bauxite reserves in Indonesia can meet aluminum demand for the next decades.
Related News
Read More >>
After steel and aluminum, Trump to impose tariffs on copper After steel and aluminum, Trump to impose tariffs on copper
Feb .28.2025
After steel and aluminum, Trump to impose tariffs on copper
Blastr Green Steel partners with Aurora Infrastructure for Finland plant Blastr Green Steel partners with Aurora Infrastructure for Finland plant
Feb .28.2025
Blastr Green Steel partners with Aurora Infrastructure for Finland plant
Steel Partners Holdings LP's 6.00% Cumulative Preferred Units Steel Partners Holdings LP's 6.00% Cumulative Preferred Units
Feb .28.2025
Steel Partners Holdings LP's 6.00% Cumulative Preferred Units
Oil prices advance despite concern over more US tariffs Oil prices advance despite concern over more US tariffs
Feb .28.2025
Oil prices advance despite concern over more US tariffs