If implemented, we’re getting closer to an export ban of bauxite ores. President Joko ‘Jokowi’ Widodo said earlier that export ban on bauxite will be implemented in June 2023. This will give the country a stronger position in the world of aluminum because it will likely lead to more investments in smelter grade alumina (SGA) and aluminium.

President Joko ‘Jokowi’ Widodo has on Thursday (Mar 30) inaugurated Kehati Sawerigading Wallacea botanical garden in Luwu Timur, South Sulawesi, which was established by PT Vale Indonesia (INCO) Tbk in post-mining area. Jokowi, a main proponent of domestic nickel processing into stainless steel and EV battery, pledged to order all nickel mining companies to copy Vale’s post-mining initiatives.

Thermal coal regained grounds to US$209 per ton early this week, but lost 11.5% year-on-year. We anticipate further correction of Indonesia’s export because thermal coal is the largest export commodity, contributing nearly US$55 billion, an increase of 67.5% from 2021. In January 2023, export of thermal coal already declined 8.2% from December 2022.

President Joko ‘Jokowi’ Widodo complained about lack of domestic production of compound fertilizer (NPK) while State budget for subsidizing natural gas continues to increase. He shouldn’t just stopped there. The president should immediately act to speed up the stalled major gas projects in the country.

Shares of coal miners are still experiencing a decline in price, inline with decline in coal price. During January 2023, coal price fell 32.75% to US$262 per ton even though it still represents 24.47% gain year on year. The end of coal bonanza?

Nickel moved closer to US$30,000 per ton on the London Metal Exchange (LME) on Monday (Jan 31) as the Philippines, the world’s second-largest supplier of nickel ore, plans to follow Indonesia, currently the world’s largest producer of processed nickel, not entirely banning export of nickel ores, but imposing levies.

Freeport McMoRan (FCX) has just released full year 2022 financials, including operational data at PT Freeport Indonesia (PTFI), one of the world’s largest producers of copper and gold. Based on operational data, PT Freeport Indonesia should have recorded sales revenue of US$9.25 billion, an increase of 13.7% from 2021, thanks mainly to higher sales volume.

Crude palm oil (CPO) has returned to US$1,000 per ton (CIF) in Rotterdam, but this price reflected 25% decline from the same period last year due to a combination of worries on demand and relatively high output in the second half of 2022.

Coal has been the largest export commodity in the past decade. Next year onwards, however, nickel and its downstream products, including stainless steel and mixed hydroxide precipitate (MHP)—-precursor for EV battery, might takeover coal. First of all, nickel price...

Cita Mineral Investindo (CITA), bauxite miner and co-owner of Indonesia’s first smelter grade alumina (SGA), acquired PT Kalimantan Aluminum Industry (KAI), subsidiary of Adaro Minerals Indonesia (ADMR). That means Harita Group, one of the country’s largest bauxite and nickel producers, and Glencore International Plc, one of the world’s largest mineral players, will have direct and indirect minority shareholding in the aluminium smelter being developed by Adaro in North Kalimantan province.