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The implementation of Indonesia's ban on bauxite exports since June last year has led to bauxite surplus, brought challenges to consume domestically as the Indonesia's alumina plants have limited capacity. Ronald Sulistyanto, Chairman of the Indonesian Bauxite and Iron Ore Entrepreneurs Association (Asosiasi Pengusaha Bauksit dan Bijih Besi Indonesia - APB3I), highlighted the struggle to secure external investment for alumina plant projects, while some entrepreneurs are forced to cut costs or halt production. However, there is hope for relief through potential relaxation of the export ban policy. Efforts are underway to boost alumina production capacity, although challenges persist in addressing the surplus bauxite issue. ....
[Indonesia suspends mine operations of more than 1000 miners] Indonesia has suspended the operations of more than 1000 miners (tin mines, etc.) due to the failure to submit a work plan for 2022, according to a document issued by the Minerals and Coal Bureau of the Indonesian Ministry of Mines. Sony Heru Prasetyo, an official with the Minerals and Coal Bureau, confirmed the document on Friday and said: the companies had received warnings before the temporary suspension, but had not yet submitted plans for 2022. ....
[LME copper fell sharply due to profit-taking and market risk aversion] LME copper futures fell sharply on Friday, hurt by profit-taking and widespread risk aversion in financial markets as investors worried about soaring inflation. 17:00 London time (01:00 Beijing time)), LME copper for three-month delivery closed down $393.50, or 3.84%, at $9860.50 a tonne. ....
LME base metals fell and expected to rise on the weekly line._SMM | Shanghai Non ferrous Metals metal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metal.com Daily Mail and Mail on Sunday newspapers.
Indonesia delays the issuance of tin export license due to internal process problems_SMM metal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metal.com Daily Mail and Mail on Sunday newspapers.