Jun 5, 2026 | Commodities, Market
The government’s plan to establish a National Mineral Exchange is being presented as a bold step toward economic sovereignty. The argument is simple: Indonesia is one of the world’s largest producers of nickel and other strategic minerals, yet prices are often...
Jun 1, 2026 | Commodities, Market
President Prabowo Subianto has just issued Regulation (Perpres) No. 26/2026 about import of crude oil and fuel, which basically allows Lemigas, an public service agency (BLU) for oil and gas testing centre under ministry of energy & mineral resources (ESDM), to...
May 29, 2026 | Commodities
Nickel edged up 1.06% Thursday (May 28) in the London Metal Exchange (LME) as investors were nervous with developments in PT Weda Bay Nickel (WBN) and the Indonesia Weda Bay Industrial Park (IWIP), one of the largest nickel processing centres in the country. Eramet,...
May 29, 2026 | Commodities
Brent crude oil futures declined further to US$93.4 per barrel this morning as the US and Iran have reportedly reached a memorandum of understanding (MoU) on 60-day truce for peace talks, whilst pending Trump’s approval. VP Vance added optimism in the market with his...
May 26, 2026 | Commodities, Market
Brent crude oil declined further to US$97 per barrel this morning as the US and Iran moved closer to a deal, which would reopen the Strait of Hormuz. Aljazeera.com reported that a high-level Iranian delegation is currently in Qatar to discuss the most sensitive issues...
May 25, 2026 | Commodities, Market
Indonesia is the largest exporter of palm oil and thermal coal, no doubt. President Prabowo Subianto expects Indonesia as price maker for both commodities upon seeing ‘success’ in ‘controlling’ global nickel price. People close to Prabowo believe that Indonesia’s...
May 22, 2026 | Commodities, Market
President Prabowo Subianto presented a data processed from UN Comtrade to come up with a conclusion: Indonesia has long been robbed by its exporters, and, accordingly, shall be stopped with centralization of export through PT Danantara Sejahtera Indonesia (DSI). What...
May 22, 2026 | Commodities, Law
The arrest of businessman Sudianto alias Aseng, the beneficial owner of PT Quality Sukses Sejahtera (QSS), is not merely another mining corruption case. It exposes a deeper problem that Indonesia has never fully solved: the political economy of regional mining...
May 21, 2026 | Commodities, Market
President Prabowo Subianto set a more ambitious economic growth target of up to 6.5% next year, which seems not surprising anymore given his campaign promise for 8% growth before entering 2029 election. The president spent most his almost two hours speech talking...
May 21, 2026 | Commodities, Market
Shares of coal miners ended mostly lower ground Wednesday (May 20) following President Prabowo Subianto’s decision to control coal export through Danantara in a bid to clamp down under-invoicing and transfer pricing practices, plus day-dreaming on controlling world...
