The government has extended the export ban on minerals from nickel to bauxite, as economic nationalism becomes more strident in the run-up to the presidential election.
| Indonesia will stop exporting bauxite, which is used to make aluminium, this year as South-East Asia’s largest economy doubles down on protectionist policies toIndonesia’s Investment Minister, Bahlil Lahadalia, confirmed the bauxite ban in remarks at the World Economic Forum in Davos on Wednesday.
Mr Lahadalia said the Indonesian government was taking this action to encourage domestic down-streaming. “Even if this case will be brought to the WTO, we will be fine because we have learnt from other developing countries,” he said. “The government will continue to consistently carry out domestic down-streaming so that added value is enjoyed domestically for the progress and welfare of the people,” Mr Joko wrote on Facebook a month ago.
Indonesia’s mining law states that the export of other unprocessed minerals including copper will also stop, although no timing has been given.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aussie wildcard channels Hewitt in 2am epicThe 'exhausted' local hope played out a five set epic encounter that finished at 2:02am this morning. 9WWOS
Read more »
Crackerjack: the unfairly forgotten comedy that celebrated the great Aussie bowloThis Mick Molloy comedy was a hit when it was released, but to watch its commentary on Australia’s pokies problem now feels almost prophetic
Read more »
Watch: Aussie quick delivers ‘devastating’ blow and chunk of bat goes flyingPakistani batter omaima_sohail has had a chunk of her bat sent flying while fending off a wicked delivery in her side’s ODI against Australia in Brisbane. AUSvPAK 7NEWS
Read more »
Aussie tennis icon exposes 'unacceptable' abuseTodd Woodbridge has revealed an online troll's message, describing it as 'unacceptable'. 9WWOS AusOpen
Read more »
Aussie troops have five weeks to turn ordinary Ukrainians into soldiersAustralia will help train everyday Ukrainians to fight Vladimir Putin’s invading forces, turning taxi drivers and cooks into frontline soldiers in an intensive boot camp.
Read more »
Aussie hotspot makes New York Time's 'top places to visit' list in 2023After years of lockdowns, border closures and travel restrictions, it seems we've almost completely returned to a pre-pandemic world. With international travel set to boom in 2023, here's a look at the best hotspots to visit, according to the New York Times.
Read more »