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Indonesia mining market affected by dampened demand from China

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Indonesia Mining Report Q1 2014 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-17 05:50:08
A growing number of miners in Indonesia will be forced to put the brakes on investment as the economic slowdown in China continues to drag on mineral prices. Crucially, the looming export ban on raw minerals would have a decisive impact on the fortunes of Indonesia´s mining industry. While no official announcement has been made, our core view remains that the export ban will eventually be rolled back due to mounting economic headwinds and practical consideration.

With the boom years in commodity prices behind us, we believe a growing number of miners in Indonesia will be forced to put the brakes on investment over the coming quarters. Despite boasting rich mineral reserves, Indonesia´s mining sector is still very much in its infancy. The country is only a dominant miner in the production of a few minerals, namely, bauxite, coal, nickel and tin. In contrast to other countries such as Australia, Indonesia has failed to reap the benefits from the unparalleled growth of China over the past decade.

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