JAKARTA - The Ministry of Trade (Kemendag) has announced an increase in the Export Benchmark Price (HPE) for copper concentrate in November 2025 due to high global demand for the renewable energy or green energy industry.
The Ministry of Trade noted that the HPE for copper concentrate (Cu ≥ 15 percent) increased in the first half of November 2025. The average HPE was set at USD5,462.14 per wet metric ton (WMT), a 15.10 percent increase compared to USD4,745.52 per WMT in the second half of September 2025.
Acting Director General of Foreign Trade at the Ministry of Trade, Tommy Andana, stated that the HPE determination is stipulated in Ministerial Decree (Kepmendag) Number 2151 of 2025 concerning the HPE for Mining Products Subject to Export Duties.
The Minister of Trade Decree was issued on November 4, 2025, and is valid for the period November 5 to 14, 2025.
"The HPE value of copper concentrate increased compared to the second half of September 2025 due to increasing global demand for copper. This demand is primarily for the renewable energy industry, electric vehicles, and electronic device manufacturing," said Tommy in an official statement on Wednesday, November 5.
Furthermore, Tommy explained that the increase in HPE was also due to exchange rate fluctuations and production disruptions at several major global mines, resulting in limited supply.
Furthermore, Tommy continued, rising metal prices on the global market also influenced the increase in HPE for copper.
In the first half of November 2025, copper prices rose 9.45 percent, gold rose 18.86 percent, and silver rose 27.81 percent compared to the second half of September 2025.
"The increase in metal prices occurred due to increased investor interest in precious metals as a hedging asset," he said.
Tommy said the HPE for copper concentrate was also determined based on technical input from the Ministry of Energy and Mineral Resources (ESDM). This technical input refers to data from the London Metal Exchange (LME) for copper and the London Bullion Market Association (LBMA) for gold and silver.
Furthermore, Tommy stated that the HPE determination is carried out periodically, credibly, and transparently to provide business certainty for industry players.
"The HPE is determined through inter-agency coordination involving 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. The involvement of these various ministries ensures that the HPE determination objectively reflects global market conditions and developments," Tommy said.
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