According to the news, the Indonesian government was now considering to advance the export ban of bauxite and other mineral products, the current rule was shown that the deadline of the export would be February 11th, 2022.
Although Indonesia held the large quantity of bauxite, which ranked sixth in the world, the capability of processing into final products was still very weak in domestic, that’s the reason why most of the bauxite was exported directly to the other countries without any processing.
However, the value after processing might even reach hundreds of billions of dollars, now the Indonesian government was hoping to improve this ability in domestic to create a better economic contribution.
Indonesian gov tries to add value on bauxite, speeds up export ban policy
19 Nov 2019 14:42 reported by Lemon
- A
- A
- A