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Indonesia Tightens Grip on Key Commodity Exports
Indonesia, the world’s biggest nickel producer and top coal exporter, is moving to tighten control over exports of key commodities, Indonesian President Prabowo Subianto said on Wednesday.
AI Summary
The Indonesian government is taking steps to exert greater control over the export of key commodities. A new regulation will require state-owned enterprises to be the sole exporters of certain commodities, starting with coal, palm oil, and ferroalloys. This move is part of a broader effort to manage commodity exports, with President Prabowo Subianto stating that the regulation will be issued today.
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