Indonesia Calls for Swift Measure to Secure Critical and Strategic Minerals

Following the issuance of the Minister of ESDM Decree Number 296.K/MB.01/MEM.B/2023 concerning Determination of Commodity Types Classified as Critical Mineral Classification, the government has now unveiled several strategic mineral commodities.

Lukman Nur Hakim & Ibeth Nurbaiti

5 Apr 2024 - 15.35
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Indonesia Calls for Swift Measure to Secure Critical and Strategic Minerals

Phosphate, which is a group of industrial minerals and has been better known as a raw material for making fertilizer, is now also starting to be used for electric vehicles. Scott Audette. /REUTERS-Bisnis.com

Bisnis, JAKARTA — The government is swiftly taking action to secure the potential of critical and strategic minerals found in several Indonesian mineral mining commodities, aligning with the country's downstream efforts.

Following the issuance of the Minister of Energy and Mineral Resources (ESDM) Decree Number 296.K/MB.01/MEM.B/2023 concerning Determination of Commodity Types Classified as Critical Mineral Classification, the government has now announced various strategic mineral commodities.

Minister of ESDM Arifin Tasrif has determined that 22 mineral commodities are included in the strategic mineral classification through the Decree Number 69.K/MB.01/MEM.B/2024 on the Determination of Commodity Types Classified as Strategic Mineral Classification. These commodities range from nickel, tin, rare earth metals, copper, to zirconium, among others.

The regulation, issued on April 1, 2024, aims to optimize mineral extraction within the country. This is part of developing strategic industries and leveraging mineral utilization to enhance Indonesia's competitiveness both domestically and internationally.

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