US approaches Indonesia for multinational critical mineral partnership
Jakarta has asked Washington for a critical mineral trade deal similar to the US deal with Japan.
Indonesia’s refined tin exports in March were down 19.4% year on year at 3,858.35 metric tons, data from Trade Ministry showed on Friday.
Exports of mining products from Indonesia have been affected by delays in approvals of annual work plans for mining companies after changes to the approval process at the mining ministry.
However, Indonesia’s biggest tin miner PT Timah resumed exports after acquiring a permit to export around 30,000 metric tons of refined tin in 2024, which could relieve supply tightness.
Indonesia produced 74,400 tons of refined tin last year, accounting for about a fifth of global output, with 57,317 tons of that exported, data from the World Bureau of Metal Statistics showed.
| Month | Exports (tonnes) | Y/Y % change |
| 2024 | ||
| March | 3,858.35 | -19.36 |
| February | 55.00 | -98.27 |
| January | 0.40 | -99.97 |
| 2023 | ||
| Dec | 5,975.37 | -22.5 |
| Nov | 7,562.55 | +42.03 |
| Oct | 5,447.19 | -21.11 |
| Sept | 5,834.54 | -16.69 |
| Aug | 4,984.75 | -42.26 |
| July | 7,029.13 | +39.28 |
| June | 7,990.42 | -3.63 |
| May | 7,108.60 | +34.54 |
| April | 7,268.86 | -21.36 |
| March | 4,784.89 | -28.32 |
| February | 3,187.29 | -53.02 |
| January | 1,536.55 | +26.31 |
(By Stanley Widianto; Editing by Ros Russell and David Goodman)
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