As we all know, the Southeast Asian country Indonesia is one of the countries with the most abundant mineral resources in the world, which has also achieved its status as a major exporter of mineral resources. However, in recent decades, especially after the new president Joko took office, the Indonesian government has increased its control over mineral resources and issued export bans one after another.
China has various import channels
In recent years, with the further strengthening of China's reform and opening up, China has closer economic and trade exchanges with other countries in the world. In terms of energy and mineral resources, although China is a big country, due to the problems of mineral quality and consumption, China still has a consumption gap in energy and mineral resources, and Indonesia is China's main importer.
However, in recent years, the instability of the international situation has caused sharp fluctuations in commodity prices. Indonesia's control over the export of mineral resources has also become increasingly strict. Under this situation, China began to look for more import channels.
Take bauxite as an example. When the Indonesian government announced the export ban in 2014, it had a great impact on China's bauxite import. However, since then, China has sought to diversify its mineral resources imports and gradually increased its bauxite imports from Guinea, achieving good results.
Chinese enterprises go deep into Indonesia
Although the Indonesian government's decision to tighten the export of mineral resources has no significant impact on China's mineral security. However, it will have an adverse impact on the local construction and development enterprises in Indonesia. In this regard, the local Chinese enterprises have long planned and arranged in advance. Chinese enterprises are not in a hurry to transport raw materials out of Indonesia, but actively invest in development and constantly improve the local downstream industrial chain, so that derivatives of mineral resources can be produced from Indonesia at one time. This actually coincides with the idea of the Indonesian government, that is, the Indonesian government does not want to fall into the trap of "resource curse", but wants to make efforts in the whole industrial chain. Relying on Chinese capital and technology, Indonesia can invest more energy in downstream construction, which can not only improve employment, but also improve its own metallurgical industry. For China, it not only finds a way out for the domestic non-ferrous metal overcapacity, but also contributes to the realization of the domestic "double carbon" goal.
It should be said that the intensive issuance of prohibitions by the Indonesian government has little impact on China. China's accurate research and early layout have minimized the losses caused by these prohibitions.
