Indonesia believes its bauxite downstream to reach US$13 billion by 2020

AL Circle

Indonesia, with the sixth-largest bauxite reserves in the world, reportedly believes that its bauxite downstream can reach US$13 billion next year from the current US$9 billion.

Indonesia's bauxite downstream to reach US$13 billion by 2020

{alcircleadd}

Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan pointed out that the country, despite having the sixth-largest bauxite reserves in the world, only exports the ore.

President Joko Widodo said he recently directed to enhance processing to increase the value of the processing industry. He added if bauxite was processed into various derivatives, the value could go up to 11 digits, and this potential had not been maximised yet.

The Indonesian government will consider accelerating an export ban on bauxite and other mineral items such as tin and alumina, among others, depending on the scale of investment, Widodo revealed, while adding that under the current rules, exports of bauxite are allowed till January 11, 2022.

Aluminium foil report

President has encouraged the development of the bauxite processing industry to be accelerated, including PT Indonesia Asahan Aluminum in collaboration with PT Aneka Tambang Tbk via its subsidiary PT Borneo Alumina Indonesia (PT BAI0 to build a bauxite-to-alumina plant in Mepawah.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.

Alternate Text
XIAN HUAN-TAI TECHNOLOGY

Your reliable partner in aluminum casthouse equipment and products

Alternate Text
Fioscope

Fioscope provide air-cooled camera technology for high temperature applications

Related
Business Leads
We are looking for bauxite. Specification : AL2O3 content ≥...
06 Nov 2024 Buying request

We have a high deposit amount of Bauxite in north Kivu provi...
22 Aug 2024 Selling offer

We are interested in buying bauxite every two months. Desti...
22 Aug 2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads