Indonesia Plans to Levy Tariffs on Nickel Products Export

Published: Jul 6, 2022 10:46

Save

Following Indonesia's ban on nickel ore exports in 2019, the Indonesian government has mentioned several times to restrict the export of nickel products this year, stating that it will impose a progressive tax on nickel exports.

SHANGHAI, Jul 6 - Following Indonesia's ban on nickel ore exports in 2019, the Indonesian government has mentioned several times to restrict the export of nickel products this year, stating that it will impose a progressive tax on nickel exports, a policy that starts in 2022 with a 2% tax on two nickel products, pig iron nickel (NPI) and ferronickel, mainly involving commodities with less than 70% nickel content.

The move aims at limiting the export of primary nickel products from Indonesia and encourage investment in higher value added nickel products required by the vehicle battery ecosystem, in which a number of companies have already invested.

Macro

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 for 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

9 hours ago

【SMM Nickel Flash】Indonesia ESDM Tightens RKAB Requirement, Outstanding Debt and Reclamation Obligations Key Conditions

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has tightened requirements for mining companies applying for RKAB. Companies with outstanding financial obligations or incomplete reclamation work will be unable to proceed with their RKAB applications. ESDM is also still reviewing around 50 applications to revise the 2026 RKAB, with the assessment focusing on the feasibility of the plans and compliance with administrative and technical requirements.

9 hours ago

10 hours ago

[SMM Analysis] US PPI Beat Expectations, Fueling Rate Hike Bets, Nickel Prices Under Heavy Pressure This Week

10 hours ago

11 hours ago

Data: SHFE, DCE market movement (Sep 14)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 14 Sep , 2026

11 hours ago