RE: Spread24 Mar 2026 17:06
Mandatory Local Processing: Despite U.S. efforts to ease trade barriers, Indonesia has explicitly reaffirmed that it will not export raw critical minerals. ALL MINERALS β including nickel, copper, aluminum, tin, magnesium, manganese, and cobaltβmust undergo local downstream processing and smelting before being shipped to the U.S..
Investment Focus: The deal is designed to encourage U.S. companies to invest in Indonesiaβs downstream industries, aiming to balance the current dominance of Chinese investment in the Indonesian smelting sector.
Strategic Commitment: President Prabowo confirmed in March 2026 that foreign investment is welcomed, provided it adheres to Indonesia's national interest, complies with environmental regulations, and uses local processing facilities, stating: "Downstreaming remains non-negotiable".