#Downstream
Nickel price slump forces Tsingshan to halt stainless steel production in Indonesia
Chinese stainless steel giant Tsingshan Holding Group Co has suspended several production lines in Indonesia’s nickel hub since early May, in what industry insiders say is a direct response to plunging nickel prices and weakening global demand.
Government raises CPO export levy to boost downstream industry
Ministry of Finance has raised the export levy on crude palm oil (CPO) from 7.5 percent to 10 percent, a move the government says is aimed at enhancing productivity and adding value to downstream palm oil products, particularly for smallholder farmers.
Coal industry calls for economic certainty in downstream mandate
Indonesia’s coal industry asks the government to provide greater clarity and investment guarantees as seven major mining companies face a regulatory mandate to begin downstream processing projects as part of their contract extensions.
RI eyes US$49B investment in food downstreaming to boost economy, cut imports
Minister of Agriculture, Amran Sulaiman, has revealed of Rp802.58 trillion (US$49 billion) investment opportunity in the food downstreaming program for 11 commodities, with initial project focusing on developing seven commodities of around Rp406 trillion investment.
Danantara prepares funding as government to execute 21 strategic projects
The government will soon execute 21 strategic projects on energy, agriculture, fisheries, and forestry sectors down streaming with an investment value of US$40 billion through funds to be provided by the Daya Anagata Nusantara Investment Management Agency (BPI Danantara).
Nickel industry oversupply, demand plummets: Analyst
An analyst says the nickel industry is no longer profitable for many business players as it is now facing major pressure due to overproduction, causing prices to drop drastically, a condition exacerbated by a shortage of nickel ore supply that has forced several smelters in Indonesia to cut production.