JAKARTA - President Director (Managing Director) MIND ID Maroef Sjamsoeddin revealed that the changes and dynamics of regulations that occurred in Indonesia greatly affected the supply of world tin prices.
He said the drop in tin supply from Indonesia caused world tin prices to soar from US$26,583 per ton in 2023 to US$31,164 per ton in 2024.
On the other hand, changes in governance that also affect tin commodities are the ban on the export of ore ore ore nickel imposed by the government.
"The changes and dynamics of regulations that occur in Indonesia greatly affect the supply of world Tin prices. This reflects the need for a proper regulatory formulation in order to maximize state revenues, especially from Tin commodities," said Maroef in a Hearing Meeting at Commission IV DPR RI, Wednesday, May 14.
Maroef said, in perfecting tin governance, better coordination between ministries and institutions needs to be carried out to formulate appropriate regulations and regulations and achieve the goal of downstreaming the tin community in Indonesia.
Maroef said, upstream governance such as the company's application for RKAB is the authority of the Ministry of Energy and Mineral Resources and the Ministry of Environment.
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Then trade governance such as export approval, physical sales through exchanges and ingot exports to domestic needs is handled by the Ministry of Trade.
Finally, in terms of industrial governance such as downstreaming is handled by the Ministry of Industry.
"In perfecting better tin governance, it is necessary to coordinate between ministries and institutions to formulate appropriate regulations and regulations, and achieve the goal of downstreaming tin commodities in Indonesia," he said.
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