It is understood by SMM that a spokesperson for Freeport Indonesia said that the company has not yet received the Indonesian government's export extension permit for copper concentrate. The company's previous permit expired on May 31. The government has agreed to extend its export permit to December 31, but has not yet announced the relevant regulations. To attract investment into the country's metal processing industry and increase export value, the Indonesian government began to implement a copper concentrate export ban on companies that do not build smelters in the country this month. However, considering the importance of production continuity and the government's downstream targets, the government has agreed to extend export permits to companies that have reached the final stage of smelter construction. Freeport Indonesia is building a copper smelter and is expected to begin operations in June.