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Ministry of Industry Boosts Copper and Tin Downstream Processing to Strengthen Global Competitiveness

  Editorial INTI     10 hari yang lalu
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Jakarta, INTI – The Ministry of Industry is intensifying its efforts to strengthen the downstream processing sector for copper and tin to enhance the competitiveness of Indonesia's national industry. These sectors play a strategic role in supporting downstream industries, such as automotive, electronics, electrical equipment, and renewable energy. According to the Director General of Metal, Machinery, Transportation Equipment, and Electronics (ILMATE) at the Ministry of Industry, Setia Diarta, this initiative aims to maximize the use of domestic raw materials to add value and reduce reliance on raw material exports.

“Indonesia has substantial copper reserves of around 28 million tons, ranking us as the seventh-largest copper reserve holder in the world. Furthermore, Indonesia is the world’s second-largest tin producer, contributing 14 percent to global production,” Setia explained on Tuesday (October 29). The Ministry of Industry sees this potential as a golden opportunity to strengthen the national economy and increase competitiveness in the global market.

Strengthening the Downstream Industry through the Copper and Tin Industry Forum 2024

To support downstream processing, the Ministry of Industry is organizing the Copper and Tin Industry Forum 2024, attended by various stakeholders, including government representatives, industry associations, businesses, and academics. This forum serves as a discussion platform to address challenges in the copper and tin industries and connect raw material producers with downstream industries.

“We hope the synergy built from this forum will strengthen the national supply chain and open new investment opportunities,” Setia said. The forum also allows companies in the electric cable, electrical equipment, and automotive industries to connect with Indonesia's copper and tin producers to foster collaboration in enhancing the value chain of domestic industries.

Downstream Processing to Reduce Raw Material Exports

A major challenge in Indonesia's copper and tin industries is the dependence on raw material exports. Currently, a significant portion of Indonesian copper is exported in the form of low-value concentrate. However, the government plans to prohibit exports of copper concentrate and anode sludge starting January 1, 2025, in an effort to encourage further downstream processing. This initiative is expected to increase the production of high-value products such as copper cathode, tin plate, and other downstream products.

"Through downstream processing, we hope Indonesia can produce value-added products that are competitive in the global market,” Setia emphasized.

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