[SMM In-Depth Analysis] New Regulations Again? Impact of Numerous New Indonesian Policies on the Nickel Market
Mar 04, 2025 19:52
Starting from 2025, with the launch of the SIMBARA system at the beginning of the year, the heated announcement of the natural resource export foreign exchange control policy (DHE SDA), and the adjustments to HPM and HBA prices, the Indonesian government has consistently conveyed its policy intention to better control the pricing power of local resources and products, increase national tax revenue, and enhance Indonesia's economic position internationally. For the nickel industry, from nickel ore to smelters, the intensity of policy control at various stages has become increasingly stringent. During periods of changes in Indonesia's foreign exchange control policies, more attention needs to be paid to export-related policies to better address the opportunities and challenges of investing in Indonesia.