Bright Spot of The Economy: Metal-to-Steel

Indonesia exported US$533 million worth of iron and steel products last month, jumped 65% from February. In the first three months of 2018, Indonesia’s export skyrocketed 125% to US$1.25 billion, cutting significantly down its deficit in the sector. At the same time, export of mineral ores soared 193% to US$1.36 billion.

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Mineral Processing: Where Are We?

Nickel advanced 4.72% to US$12,642 per ton this week, representing 28.3% gain year-on-year. Aluminium, meanwhile, lost 3.1% this week, but gained 29.34% year-on-year. Looking at the current pace of development, Indonesia will dominate the world’s nickel market in three-five years time. The country will also improve its position in aluminium market.

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