Global copper buyers must look elsewhere for concentrate as Indonesia cuts exports - CRU

  • 06/08/2021
  • Source: Reuters
  • by: Fathin Ungku, Mai Nguyen
Global copper buyers must look elsewhere for concentrate as Indonesia cuts exports - CRU
SINGAPORE (Reuters) - As Indonesia prepares to ramp up domestic copper smelting, processors elsewhere must look for alternative sources of concentrate, which might cost more, consultancy firm CRU group said on Tuesday.

Indonesia is one of the world’s top exporters of copper concentrate, or partially processed copper ore, with shipments estimated by CRU at some 1.3 million tonnes in 2020.

In a bid to boost domestic processing and add value to exports, it said last year it would ban copper concentrate exports from 2023 onwards, and would grant export permits to those building a certain level of smelting capacity.
DYNAMIC WEALTH RESEARCH

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
IMG
SHARE DYNAMIC WEALTH RESEARCH
© 2016 - 2021 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer