Jokowi Says Nickel Exports See17-Fold Increase Through Domestic Processing Initiative

Pudja Lestari
September 16, 2023 | 6:37 pm
SHARE
This undated photo shows a nickel processing plant owned by Trimegah Bangun Persada on Obi Island, North Maluku. (Handout)
This undated photo shows a nickel processing plant owned by Trimegah Bangun Persada on Obi Island, North Maluku. (Handout)

Jakarta. President Joko "Jokowi" Widodo said on Saturday that the export value of nickel has experienced a remarkable 17-fold increase since the government's ban on the sale of unprocessed nickel ores in 2020.

During a gathering with his supporters at Salak Hotel in Bogor, the president lauded the effectiveness of the downstream processing policy in significantly boosting added value and state revenue.

"The export value surged from Rp 30 trillion when we were only selling raw ores to Rp 510 trillion ($33.2 billion) from processed nickel. This substantial increase has significantly contributed to government revenue through royalties, taxes, and export duties," Jokowi said.

He said this increase in state revenue has been instrumental in supporting rural development, food procurement for social assistance programs, and infrastructure projects.

Advertisement

Jokowi acknowledged that the downstream processing policy was met with resistance from long-time nickel importers like the European Union, leading to disputes raised at the World Trade Organization.

"European countries expressed their displeasure because they used to benefit from the added value of our nickel, but now we are retaining that added value," Jokowi said.

The president reiterated his previous plan that similar policies would be implemented for other key commodities such as copper, bauxite, and tin. 

He said that if Indonesia successfully establishes itself as a regional hub for the electric vehicle industry which depends on those mining products, the country will play a pivotal role in the global supply chain.

Tags: Keywords:
SHARE

Related Articles


News May 23, 2025 | 5:40 pm

Jokowi Vows to Show Original Diploma in Court, Says Investigation Ongoing

Jokowi says his fake diploma case is still under investigation by Jakarta police, despite the National Police dropping a similar complaint.
News May 22, 2025 | 4:08 pm

Police Confirm Jokowi’s Diploma Is Authentic, Ending Fake Degree Rumors

Police say Jokowi’s UGM diploma is real after forensic review, ending years of fake degree rumors and closing the forgery investigation.
News May 20, 2025 | 1:38 pm

Jokowi: “No Choice But Court” to End Fake Diploma Accusations

“To be honest, I’m saddened that this case has come this far. I feel sorry for those who continue to deny the truth,” Jokowi said.
News May 14, 2025 | 10:25 pm

Jokowi Eyes PSI Top Post, Jokes About Beating the Odds

Jokowi said he is still making political calculations regarding the possibility of leading the youth-oriented party.
News May 9, 2025 | 11:36 am

Jokowi to Deniers: My Diploma Is Real -- Now Face the Law

Jokowi’s legal team appeared at police headquarters in Jakarta with the diploma, which was hand-delivered by his brother-in-law.
News May 8, 2025 | 6:28 pm

Jokowi: Media Has Crucial Role in Sustaining Public Morale

"With 10 years of experience leading the country, he remains a valuable voice of reason," Enggartiasto said of Jokowi.
News May 5, 2025 | 8:48 pm

Prabowo Rejects ‘Puppet’ Label, Defends Jokowi Ties as Statesmanship

Prabowo denies being Jokowi's puppet, calling ongoing talks with ex-presidents smart governance, not subservience, amid rising criticism.
News Apr 30, 2025 | 1:55 pm

After a Decade of Rumors, Jokowi Finally Reports Fake Diploma Accusations to Police

Ex-President Jokowi files a police report over fake diploma claims, saying the decade-long rumors must be legally resolved once and for all.
News Apr 30, 2025 | 9:39 am

Jokowi to Personally Report Four in Fake Diploma Claims

Former President Jokowi to file police report against four individuals over fake diploma claims, says his lawyer Yakup Hasibuan.
News Apr 23, 2025 | 2:10 pm

Prabowo Likely to Send Jokowi to Pope’s Funeral

Prabowo is skipping Pope Francis' upcoming funeral due to unspecified reasons.

The Latest


News 13 minutes ago

Federal Judge Blocks Trump Effort to Keep Harvard From Hosting Foreign Students

Harvard sued the Department of Homeland Security in May after the agency withdrew the school’s certification to host foreign students.
Special Updates 6 hours ago

ICDX Becomes First SRO Authorized by Bank Indonesia for Money Market and Forex Derivatives Exchange

Bank Indonesia has officially announced that the Indonesia Commodity & Derivatives Exchange (ICDX).
Lifestyle 7 hours ago

Luxury Market to Slow in 2025, But No Collapse Expected: Bain Study

Global luxury sales may fall up to 5% in 2025 amid tariffs, war, and weak consumer confidence, but the market is far from collapsing.
News 7 hours ago

AGO to Summon Former Minister Nadiem in Rp 9.9t Chromebook Corruption Case

Ex-Education Minister Nadiem Makarim is set to be questioned over a Rp 9.9t Chromebook project allegedly marred by corruption and waste.
Business 8 hours ago

Indonesia Weighs China, Russia Nuclear Tech as 24,000-Ton Uranium Reserve Identified

Indonesia may use Chinese or Russian tech for its first nuclear plants, with 24,000 tons of uranium in Kalimantan ready to fuel the plan.
COPYRIGHT © 2025 JAKARTA GLOBE. ALL RIGHTS RESERVED