Ministry Of Trade: High Demand And Supply Disruption Boosts HPE Copper

JAKARTA - The Ministry of Trade (Kemendag) said the high demand for globally resulted in the price of copper concentrate export benchmarks (HPE) rising 2.29 percent compared to the first period of September 2025.

Plt. Director General of Foreign Trade of the Ministry of Trade Tommy Andana said HPE for the second period of September 2025 was set at 4,745.52 US dollars per Wet Metric Ton (WMT), while in the first period, 4,639.10 per WMT.

"The increase in the HPE copper concentrate is in line with the increase in the price of copper minerals by 1.13 percent. The increase was driven by high global demand, especially from the renewable energy industry such as solar panels, electric vehicles and electronic equipment manufacturing," said Tommy in a statement in Jakarta, quoted by Antara, Sunday, September 14.

Tommy explained that the limited supply due to production disruptions in several major world mines, as well as exchange rate fluctuations also strengthened the prices of metal commodities.

Follow-up metals such as gold (Au) and silver (Ag) also recorded price increases, respectively 3.12 percent and 3.96 percent.

This increase was driven by the high interest of investors in precious metals as hedging assets amid global economic uncertainty.

"These factors overall encourage an increase in the average price of copper concentrate in the second period of September 2025," said Tommy.

HPE's determination refers to data from the Ministry of Energy and Mineral Resources (ESDM) as well as international market prices, namely the London Metal Exchange (LME) for copper and the London Bullion Market Association (LBMA) for gold and silver.

This process is carried out periodically, credible, and transparently, thus providing certainty of business for industry players.

In addition, the determination of HPE also involves coordination across ministries and institutions, including the Coordinating Ministry for Economic Affairs, the Ministry of Trade, the Ministry of Energy and Mineral Resources, the Ministry of Finance and the Ministry of Industry.

"This synergy is expected to encourage HPE's policy to reflect the dynamics of the global market objectively, as well as support a healthy and competitive business climate," added Tommy.