[SMM Flash News] Indonesia Postpones Export Levy on Nickel Products to Re-evaluate Balanced Formula

Published: May 11, 2026 18:20

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Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced on Monday (May 11, 2026) that the government is suspending the planned implementation of export levies (bea keluar) on downstream nickel products to develop a more balanced "win-win" formula for both the state and private sectors. While the levy is intended to incentivize smelters to move beyond Nickel Pig Iron (NPI) production, which has currently achieved only 40% of its downstream potential, the government is opting for a "wise" approach following industry feedback.

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