INSUBCONTINENT EXCLUSIVE:
(IMF).While these restrictions threaten the stability of global trade, Indonesia argues that they are necessary for economic growth and
commodities.The organization cautioned that these measures could destabilize the multilateral trade system.Indonesia is under international
scrutiny over the minerals export ban
(Photo Internet reproduction)However, Indonesia remains steadfast in adding value to minerals like nickel, bauxite, copper, and tin as part
agreements.However, the ruling lacks an enforcement mechanism due to opposition from the United States.The European Union (EU) filed the
complaint and argued that the nickel ban unfairly limited EU access to raw materials essential for stainless steel production, distorting
significantly increased after the nickel ban was implemented.President Widodo anticipates a value-added impact exceeding US$30 billion,
developing downstream industries and advocate for comprehensive cost-benefit analyses for each mineral ban.They contend that tailored
approaches are necessary for different minerals.Several countries, including the US, China, and EU member states, have expressed concerns
for electric vehicles (EVs) and strategic products like rocket engines.With substantial nickel reserves, Indonesia has become an attractive
source for car companies seeking to secure supplies.China and the US, lacking significant reserves, heavily rely on imports.To address
environmental and social impacts and meet sustainability standards, Indonesia must ensure sustainable processing methods for nickel
mining.High-pressure acid leaching (HPAL) shows promise in converting class 2 nickel to class 1 suitable for EV batteries, but it demands
substantial energy and water resources and produces toxic waste.In addition to mineral export bans, Indonesia aims to establish a global
nickel cartel akin to OPEC to coordinate policies and stabilize prices.The country is in discussions with other major nickel suppliers,
raising concerns about trade stability and environmental impacts.Balancing economic interests and sustainable practices will be crucial for
