![Indonesia plans to ban copper exports in 2023 ảnh 1 Indonesia plans to ban copper exports in 2023 ảnh 1](https://imagev3-lang.vietnamplus.vn/w1000/Uploaded_EN/sxtt/2023_02_01/pabrikpengolahanbijitambang140215agr2.jpg.webp)
Jakarta (VNA) – Indonesian president Joko Widodo said his government will soon consider halting the export of unprocessed copper ores to encourage domestic processing of raw materials in the country’s industrialisation push, following a similar policy on nickel and bauxite
Speaking at Mandiri Investment Forum 2023, the president announced a ban on all bauxite exports starting in June 2023 under the downstream industry policy, following a similar move on nickel ore exports.
After nickel ore exports were banned several years ago to force the opening of processing plants in Indonesia, the value of nickel export recorded a 30-fold increase from 1 billion USD to 30-33 billion USD in 2022. The policy was sued by the European Union (EU) to the World Trade Organization (WTO) and Indonesia was announced to lose the lawsuit./.