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Indonesia considers export tax for products with less than 70% nickel content

Indonesia is exploring the possibility of levying an export tax on nickel products with less than 70% nickel content to drive expansion of its domestic processing industry, Investment Minister Bahlil Lahadalia said on Sep. 17.

Most nickel products exported from Indonesia have nickel content of 30% to 40% and could be refined further domestically to at least 70% content, Bahlil said.

"If producers want to export the products with less than 70% nickel content, it is possible that we apply an export tax," he said, adding that discussions were at an early stage and no details had been decided yet.