Commodities
New Freeport, Amman Smelters Boost Jokowi’s Downstreaming Legacy
- Plants were built ahead of a ban on copper concentrate exports
- Jokowi has pushed companies to refine commodities locally
Joko Widodo
Photographer: Yasuyoshi Chiba/AFP/Getty Images
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Indonesia’s President Joko Widodo inaugurated two new copper smelters in the country, hailing the plants as a product of his policy of banning raw material exports.
Jokowi attended ceremonies on Monday inaugurating the 56 trillion rupiah ($3.7 billion) plant built by PT Freeport Indonesia in East Java and the smelter of PT Amman Mineral Internasional in West Nusa Tenggara worth 21 trillion rupiah.