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🇮🇩 Indonesia /Economy & Trade

Indonesia’s Mineral Exchange Could Strengthen Its Hand in Global Commodity Markets

From Republika · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Indonesia plans to launch a Mineral and Strategic Commodities Exchange on January 1, 2027, to create domestic trading mechanisms and reference prices.
  • President Prabowo Subianto said Indonesia should help determine global commodity prices rather than remain only a major producer.
  • Industry groups support the plan, citing greater transparency and safeguards against under-invoicing and transfer pricing.

Indonesia wants to move beyond producing the world’s minerals and gain a role in setting their prices. The country plans to launch a Mineral and Strategic Commodities Exchange on January 1, 2027, as part of an effort to build domestic trading mechanisms and establish reference prices for major exports.

President Prabowo Subianto has described the exchange as an instrument that could support an Indonesia Reference Price. “We do not only want to be a world commodity producer, we must also help determine world commodity prices. We want Indonesia to be a place where commodities are traded,” he said, according to Republika.

We do not only want to be a world commodity producer, we must also help determine world commodity prices. We want Indonesia to be a place where commodities are traded.

· Prabowo SubiantoThe Indonesian president described the purpose of the planned mineral exchange.

Nickel, tin, coal and gold are among the strategic commodities the government wants to support with a more transparent trading system and a domestic pricing benchmark. Rosan Roeslani, chief executive of Indonesia’s Danantara Investment Management Agency, said the exchange could operate alongside Danantara Sumberdaya Indonesia, or DSI.

This mineral exchange is more of a spot market, a spot market.

· Rosan RoeslaniThe Danantara executive described the exchange’s expected trading model.

Rosan described the exchange as primarily a spot market. He said its features would need to reflect the way minerals are traded, while improving transparency, accountability and governance. A more open pricing process, he argued, would complement Indonesia’s wider mineral ecosystem.

The Federation of Indonesian Nickel Industries supports the plan. Its chairman, Arif Perdana Kusumah, said the industry wants Indonesian mineral resources traded fairly and protected from under-invoicing and transfer pricing. FINI and other associations have formed a task force to advise DSI as it develops the platform. “Who would be willing to see our resources subject to under-invoicing and transfer pricing? We would not. FINI supports it,” Arif said.

Who would be willing to see our resources subject to under-invoicing and transfer pricing? We would not. FINI supports it.

· Arif Perdana KusumahThe nickel industry association chief explained his support for a more transparent system.
About this summary

Originally published by Republika in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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