Indonesia is the top exporter of coal for power stations and the biggest palm oil producer in the world. It also holds a quarter of all nickel reserves. So policy shifts in the Southeast Asian archipelago – such as new restrictions on coal shipments or a proposed nickel export tax – often reverberate across global .
Indonesia accounted for 74 per cent of all the thermal coal China imported in the first 11 months of 2021, but on Saturday, the Southeast Asian nation banned exports in January to prioritise its own domestic supply.