[SMM Flash News] Indonesia to Implement Windfall Profit Tax and Export Duties on Nickel Soon

Published: May 7, 2026 10:24

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Indonesian Finance Minister Purbaya Yudhi Sadewa has announced plans to implement a windfall profit tax and export duties specifically targeting the nickel sector to compensate for rising energy subsidies amid global oil price volatility. While the policy is currently under discussion with the Ministry of Energy and Mineral Resources (ESDM), the government intends to offset these additional costs by providing strategic incentives for domestic downstream industries, particularly battery manufacturing, to ensure high domestic demand and promote the use of local raw materials.

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