[SMM Flash News] Indonesia’s President Prabowo Subianto Launches Phase 2 Downstream Projects Worth Rp116 Trillion

Published: Apr 29, 2026 20:58

Save

Indonesian President Prabowo Subianto officially inaugurated the groundbreaking for the second phase of 13 strategic downstream projects valued at Rp116 trillion in Cilacap, Central Java, on April 29, 2026. These projects span the energy, mineral, and agricultural sectors—including nickel-based steel manufacturing in Morowali, copper and gold processing in Gresik, and a coal-to-DME conversion plant in South Sumatra—aiming to solidify Indonesia’s economic revival. President Prabowo emphasized that downstreaming remains the nation's path to prosperity, with plans to launch at least six additional projects later this year to further enhance domestic value-added production.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 mins ago

US Fed's Biggest Disagreement in 34 Years, Crude Oil Surged, Base Metals Fell Across the Board, LME Aluminum, SHFE Nickel, and Silver Futures Led Declines [Overnight Market]

8 mins ago

10 hours ago

Stockpiling Sentiment Rose Before Labour Day Holiday, Overall Market Trading Atmosphere Recovered Slightly [SMM Spot Aluminum Midday Review]

10 hours ago

11 hours ago

[SMM Flash News] Power Minerals Completes Acquisition of Morro do Ferro Rare Earths Project in Brazil

Power Minerals has officially finalized the acquisition of the Morro do Ferro (MDF) rare earths project from Mineração Terras Raras (MTR) as of April 27, 2026. Located within the Poços de Caldas Alkaline Complex in Minas Gerais, Brazil, the project is strategically positioned to supply high-demand magnetic rare earth oxides (MREOs) for the global high-tech and green energy sectors. This transaction strengthens Power Minerals' foothold in the critical minerals market, securing a key asset in one of the world's most prominent alkaline-hosted rare earth provinces.

11 hours ago