Foshan Runtian New Material Technology Co.,Ltd
Indonesia Nickel Imposition Of Export Duties Jul 06, 2022
After Indonesia banned nickel ore exports in 2019, since this year,  Indonesian government has repeatedly mentioned to limit nickel products exports, which will be a progressive tax on nickel exports.  The policy will impose 2% tax on two types of nickel products, nickel  iron (NPI) and nickel iron, starting in 2022, which involved in goods with less than 70% nickel of the raw materials.

The aim is to limit the export of primary nickel products from Indonesia and encourage investment in nickel products with higher added value that are needed for the automotive battery ecosystem,which several companies have invested.

It is said that the export tariff of Indonesia nickel products at the soonest will be issued next month, but for the export tax rate market discussion is differ, amplitude or tariffs imposed on will be up to 20%, well above mentioned at the start of the year 2% levy range (subject to the specific tax policy, involving the levy object, implement time ).
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