Indonesia’s Nickel Revolution: MIND ID Plans to Influence Global Pricing

Hendi also addressed the challenges Indonesia faces in achieving these goals. He acknowledged that transitioning to a price-setting role involves overcoming significant hurdles, including global market dynamics and competitive pressures.

However, with coordinated efforts from both the public and private sectors, Indonesia could realize its vision of becoming a global leader in mineral pricing.

Looking ahead, Hendi expressed hope that Indonesia would eventually move away from relying on price indices like the London Metal Exchange (LME) and instead leverage its physical resources to set prices directly. This would mark a significant shift in the global mineral market landscape, giving Indonesia a prominent role in shaping commodity prices. (Uki Ruknuddin)