Indonesia Copper Mining Market (2022-2028) | Trends, Value, Revenue, Size, Growth, Share- 6Wresearch

Nitesh06 Feb, 2023Business

Indonesia Copper Mining Market size is projected to grow at CAGR of 9.9% during 2022-2028. Commissioning of the Gorontalo, and the Beruang Kanan Main (BKM) copper projects along with the efforts made during recent years at global as well local level to make a transition towards clean and renewable energy solutions have increased the demand of copper in photovoltaic, electric vehicles and production of other such products and equipment in energy sector. Moreover, efforts to encourage investment in the downstream industry and export of higher value semifinished and finished goods, Indonesia aims to discontinue the exports of copper ore in 2023 to keep a pace with the demand for copper ores in manufacturing of high value goods locally, which in turn would garner more revenues in the coming future in Indonesia copper mining market.