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Indonesia hikes export taxes for copper, zinc and iron - finmin
Indonesia's export tax rates for copper concentrate will rise to a range of 5% to 10%, according to a new regulation, as the government tries to push miners to process metals at home rather than export raw minerals. The tax is part of the government's bid to drive smelter construction in Indonesia, with the aim of increasing domestic processing to get more value from the country's mineral resources. It also banned exports of raw minerals in June. However, it allowed several companies whose smelter construction is more than 50% to continue exporting mineral concentrates until mid-2024 if they pay the export taxes. ... (full story)