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Indonesia Plans to Significantly Cut Nickel Production This Year
Indonesia is considering a drastic reduction of nickel production from 272 million tons in 2024 to 150 million tons in 2025. Macquarie Group warns that Indonesia's nickel mine output cuts could reduce global supply by 35%, threatening the supply of a key metal for electric veh...
Indonesian State-Owned Mining Company Calls for Limits on Number of Nickel Smelters
State-owned mining holding company MIND ID states that the number of nickel smelters in Indonesia is booming. Its Chief Director indicated that the surge in nickel smelters has lowered the selling prices of related products, with nickel pig iron already facing a situation wher...
Indonesia's Bauxite Downstream Industry Development Stagnates
The construction of bauxite smelting projects in Indonesia faces numerous difficulties. Although downstream plans are in place, only three smelters have been built in the past decade, while seven remain stalled. The obstacle lies in the lack of serious investors committed to p...
Details of Indonesia's Six Major Nickel Mines
According to Indonesia's 2022-2027 National Mineral and Coal Management Plan, Indonesia ranks first in the world for both total nickel reserves and production, with usable nickel resources accounting for 23% of global reserves and 29% of global production. Indonesia has severa...
Indonesia's Investment Minister Meets with Three Major Chinese EV-Related Companies
The Ministry of Investment and the Investment Coordinating Board met with several major Chinese electric vehicle companies to accelerate investment in Indonesia's EV ecosystem. During his visit to China, the Investment Minister met with companies such as BYD, Zhongwei New Mate...
US Cancels Anti-Dumping Tariffs on Indonesian Aluminum Products
The United States International Trade Commission has decided not to impose anti-dumping and countervailing duties on Indonesian extruded aluminum products, ending the investigation and ensuring that Indonesian aluminum products are not deemed harmful to US industry. Indonesia'...
Indonesia Market Insights and Overseas Expansion Guide: Summary of Wang掌柜's Live Stream Key Points
In this live stream, Wang掌柜 from Indonesia engaged in in-depth discussions and sharing with the audience on topics related to expanding into Southeast Asia, especially landing in Indonesia, providing companies with rich market information and practical advice. I. Market Tren...
Indonesia Nickel Industry Policy Adjustment: Smelters Will No Longer Receive Preferential Treatment
The government is reviewing incentives given to companies with nickel processing and refining facilities.With the increasing number of nickel smelters, the Deputy Minister of Energy and Mineral Resources stated that nickel smelting companies such as those producing nickel pig ...
Scope and Calculation Method of Indonesia's 12% VAT
The following is the calculation method for luxury house prices after the VAT increase: The PPnBM rates vary, with a minimum of 10% and a maximum of 200%. PPnBM belonging to the 20% tax rate group includes luxury residences such as non-stratified title houses and townhouses wi...
Indonesia Imports 402,000 Tons of Garlic from China from January to October 2024
Indonesia's Central Statistics Agency revealed that from January to October 2024, Indonesia imported 402,000 tons of garlic worth USD 532.47 million (equivalent to IDR 8.4 trillion). The imported garlic mainly came from several source countries, including China, India, and Aus...
Indonesia's Best-Selling Car in November: Innova Takes the Lead, Surpassing Avanza and Brio
The Toyota Avanza was once the best-selling car in Indonesia, but the Innova overtook it in November with 5,908 units sold. As of October, the Innova was the top seller with 5,693 units. In 2023, the Innova also became the best-selling car, defeating regular top sellers like t...
Indonesian Government Reviews, Suspends Nickel Smelter Development Plans
The Ministry of Energy and Mineral Resources plans to review the policy of suspending or restricting the operation of nickel refining and processing facilities in Indonesia. The Deputy Minister stated that due to industry considerations regarding demand for nickel products, th...