Indonesian President Joko Jokowi Widodo inaugurated Amman Mineral Internasional’s 21 trillion rupiah ($ 1.4 billion) copper smelter in the West Nusa Tenggara province, saying he desired global clients to turn to Indonesia for copper items.

The smelter has an input capacity of 900,000 metric tons of copper concentrate each year. It is anticipated to start producing copper cathode at the end of the year, Amman stated.

The smelter will be producing 220,000 lots of copper cathode, 18 lots of gold, 55 tons of silver, and 850,000 sulphuric acid by item, Jokowi said, without offering a. timeframe.

Jokowi said processing the raw products locally is a method for Southeast Asia’s biggest economy to be predicated on. production, rather of consumption as it is now.

We likewise want global demand for copper items to be. able to depend upon Indonesia. Anything, be they cathode,. cables … whatever, he stated.

In an effort to attract financial investment into its metals. processing market and increase the worth of its exports, the. government began prohibiting exports of copper concentrate from. June for business who do not build domestic smelter centers.

Amman protected a permit in July to export copper concentrate,. with the quota of 534,000 metric loads valid up until Dec. 31.