• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

(VIDEO) Trump Gives Hilarious Take on “Freako” James Talarico’s New Pro-Meat Campaign * The Gateway Pundit * by Jordan Conradson

October 2, 2026

Ms. Rachel’s Politics Sparks Pushback from Parents: A ‘Mouthpiece’ for Hamas

October 2, 2026

Anthropic Co-Founder Daniela Amodei Kept ‘Personal Advisory Council’ of Stuffed Animals to Solve Problems

October 2, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, October 2
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    (VIDEO) Trump Gives Hilarious Take on “Freako” James Talarico’s New Pro-Meat Campaign * The Gateway Pundit * by Jordan Conradson

    October 2, 2026

    Hispanics Are Furious At Trump So He Is Coming To Texas To Rub Their Noses In It

    October 1, 2026

    New York grapples with kinks in $1B Medicaid system

    October 1, 2026

    18-Year-Old Student Dies After Falling from Fourth-Floor Balcony at Los Angeles High School in Apparent ‘Suicide’ Following Classroom Fight * The Gateway Pundit * by Jim Hᴏft

    October 1, 2026

    After Reflecting Pool Humiliation, Rep. Jamie Raskin Gives DOJ Hot Tip On Felon Orange Vandal Desecrating DC

    October 1, 2026
  • Health

    Journal Science devotes issue to women’s health. Here’s why

    October 1, 2026

    As CDC redesigns annual health survey, it removes questions about disabilities

    October 1, 2026

    International visas, GLP-1s for kids, Medicaid: Morning Rounds

    October 1, 2026

    8 New Jersey Rehab Centers For Drug And Alcohol Recovery (2026)

    September 30, 2026

    Legal immigrants poised to lose Medicaid coverage| STAT

    September 30, 2026
  • World

    Le Pen Party Able to Form French Senate Group for First Time in History

    October 2, 2026

    Woman Told Cornell Police 2 Years Ago She Was 100% Confident She Was Raped, Report Says

    October 2, 2026

    Eiffel Tower Chief Steps Down After Female Employees Ordered ‘Be Invisible’ for Hindu Sect Visit

    October 1, 2026

    Sarah Huckabee Sanders Fires Back At Far-Right Criticism Of Her Ad

    October 1, 2026

    Pope Leo Pushes Reform on Zealously pro-Migration Bishops

    October 1, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    The New Development Bank Quietly Delivers During India’s BRICS Year

    October 1, 2026

    Australia as an AI Middle Power

    October 1, 2026

    Can Myanmar’s New Government Revive the Stalled Dawei SEZ Project?

    October 1, 2026

    Fed’s Kashkari says inflation is ‘still too high’ even after softer-than-expected PCE data

    September 30, 2026

    Goodbye, ‘China Plus One’: The Real Change in US China Policy

    September 30, 2026
  • Tech

    Anthropic Co-Founder Daniela Amodei Kept ‘Personal Advisory Council’ of Stuffed Animals to Solve Problems

    October 2, 2026

    Gavin Newsom Orders California to Keep ‘AI’ Term After Trump’s ‘Super Intelligence’ Rebrand

    October 1, 2026

    Chinese AI Models Provided Instructions on Sarin Gas Production, Terror Attack Advice

    October 1, 2026

    Peter Schweizer Deflates the AI ‘Robot Apocalypse’ Scare

    October 1, 2026

    Leading AI Experts Fault Senate Democrats for Blocking Ratepayer Act

    October 1, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Indonesia To Improve Supervision of Commodities Sector, Official Says
Finance

Indonesia To Improve Supervision of Commodities Sector, Official Says

September 30, 2024No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Indonesia To Improve Supervision of Commodities Sector, Official Says
Share
Facebook Twitter LinkedIn Pinterest Email

Indonesia’s government says that it plans to increase supervision of its commodities sector, after the U.S. Department of Labor declared the presence of forced labor in the country’s nickel industry.

On Friday, Yuli Adiratna, a senior official in the Ministry of Manpower, told Reuters that the government would look into the findings of the report and improve “supervision of regulations and international standards” in the commodities sector.

Yuli did not offer any details about what this would entail, but the U.S. ruling, which was handed down on September 10, could have significant impacts on Jakarta’s goal of transforming itself into a global hub of electric vehicle (EV) manufacturing.

Indonesia is one of the world’s largest producers of nickel, a crucial part in the production of the large lithium-ion batteries that power EVs. Most nickel mining and processing takes place on the island of Sulawesi, in large industrial parks dominated by Chinese companies. According to Benchmark Mineral Intelligence, an estimated 80-82 percent of Indonesian battery-grade nickel output this year is expected to come from majority Chinese-owned producers.

On September 10, the Department of Labor added Indonesian nickel to its list of goods produced by child or forced labor, citing “multiple reports that adults are forced to work in the production of nickel in Indonesia.”

The report stated that the industrial parks of Sulawesi employ an estimated 6,000 Chinese migrant workers in various capacities. The Department cited NGO reports as saying that these workers “are often deceptively recruited in China” and receive a “lower wage than promised along with longer work hours.”

See also  Indonesia Scales Back Planned VAT Hike, Will Apply Only to Luxury Goods

“Workers regularly have passports confiscated by employers and experience arbitrary deduction of wages, as well as physical and verbal violence as means of punishment,” the report added. It also said that a number of other indicators of forced labor, including restriction of movement, isolation, constant surveillance, and forced overtime, were “reportedly common practices in the production of nickel in the industrial parks.”

The ruling has significant implications. As Cullen Hendrix wrote in these pages last week, the forced labor ruling “deals yet another blow to the country’s aspirations to secure a critical minerals-specific free trade agreement (CMS-FTA) with the United States.” Such an agreement is a condition for having Indonesia’s nickel included in the supply chains recognized by the Biden administration’s Inflation Reduction Act (IRA).

Under the IRA, Washington has required that a certain amount of critical minerals in EV batteries be produced or assembled in North America or in a country with which the U.S. has an FTA, for EVs sold in the United States to be eligible for tax credits. The credit will not apply to EVs containing batteries and critical minerals sourced from “foreign entities of concern,” including some companies with more than 25 percent Chinese ownership.

For more than a year, Jakarta has been negotiating a CMS-FTA pact with Washington in a bid to qualify for IRA subsidies along the lines of the agreement brokered with Japan in March 2023. However, the domination of the industry by Chinese firms, and the poor labor, environmental, and social safeguards associated with the large Chinese mining and smelting operations in Sulawesi, have complicated the matter.

See also  Trans-Afghan Railway: Will Uzbekistan Develop the Kandahar Route?

In October of last year, nine U.S. senators sent out a bipartisan letter addressed to the U.S. trade representative, and secretaries of treasury, energy, and commerce, expressing concerns regarding the proposed CMS-FTA with Indonesia. In so doing, they referenced not only the Chinese dominance of the country’s mining industry, but also the poor labor standards and deleterious environmental impacts that have been linked with these Chinese operations. Cullen argued that the Labor Department’s forced labor ruling does not have any pressure, but will now make the issue of forced labor “the starting point for any further discussion of a CMS-FTA between Indonesia and the United States.” To this extent, it probably makes such an agreement less likely.

There is some sign that the Indonesian government recognizes the problems in its nickel industry and is attempting to address them. President Joko Widodo has promised on several occasions to improve the standards of Indonesia’s nickel mining and smelting operations. In July, the Financial Times published a report claiming that the Indonesian government “is trying to reduce Chinese investment in new nickel mining and processing projects to help its industry qualify for tax breaks in the U.S.”

Whether either of these efforts will be sufficient remains unclear, but the current listing is likely to complicate matters. As so often, U.S. policy on this matter presents a mix of moral and strategic goals: support for high standards in extractive industries, and the desire to erode China’s dominant position in EV supply chains. U.S. policymakers could mount a case that in the case of Indonesia, these two goals are mutually reinforcing, since Chinese mining firms operate to much lower standards than firms from allied and partner countries.

See also  Chevron Exits Myanmar After Finalizing Sale of Yadana Stake

Even so, to the extent that the listing complicates Indonesia’s ability to negotiate a CMS-FTA with the U.S. government, and hence attracts Western firms keen to access IRA tax incentives, it will also complicate its ability to diversify its nickel industry. The paradoxical result, Cullen concluded, “will be to push Indonesia further into dependence on China and Chinese firms.” At this point, meaningful progress on forced labor will become much less likely.

commodities improve Indonesia Official Sector supervision
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The New Development Bank Quietly Delivers During India’s BRICS Year

October 1, 2026

Australia as an AI Middle Power

October 1, 2026

Can Myanmar’s New Government Revive the Stalled Dawei SEZ Project?

October 1, 2026

Fed’s Kashkari says inflation is ‘still too high’ even after softer-than-expected PCE data

September 30, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Chris Gayle copies Cristiano Ronaldo’s iconic Siuu celebration, Yuvraj Singh reacts hilariously 

June 27, 2023

Woke Microsoft Partners with GLAAD to Boost LGBT Representation in Xbox Video Games

June 3, 2023

‘We Are All Going to Die:’ Researcher Calls for Advanced AI Projects to Be Shut Down

April 5, 2023

ORCL, WRK, AAPL, AAP and more

September 12, 2023
Don't Miss

(VIDEO) Trump Gives Hilarious Take on “Freako” James Talarico’s New Pro-Meat Campaign * The Gateway Pundit * by Jordan Conradson

Politics October 2, 2026

President Trump delivers remarks at Peterbilt Motors Company in Denton, Texas President Trump on Thursday…

Ms. Rachel’s Politics Sparks Pushback from Parents: A ‘Mouthpiece’ for Hamas

October 2, 2026

Anthropic Co-Founder Daniela Amodei Kept ‘Personal Advisory Council’ of Stuffed Animals to Solve Problems

October 2, 2026

Disgraced Team USA Gymnastics Doctor Larry Nassar Removed from Michigan Sex Offender Registry

October 2, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (7,193)
  • Finance (5,197)
  • Health (2,926)
  • Lifestyle (1,947)
  • Politics (4,804)
  • Sports (5,385)
  • Tech (2,771)
  • Uncategorized (4)
  • World (7,456)
Our Picks

Is Visa Stock a Smart Way to Invest in the Cashless Economy?

June 7, 2026

CMT Pulls Jason Aldean ‘Try That in a Small Town’ Music Video

July 20, 2023

Cuba Begins School Year with Severe Shortages of Teachers, Electricity

August 31, 2026
Popular Posts

(VIDEO) Trump Gives Hilarious Take on “Freako” James Talarico’s New Pro-Meat Campaign * The Gateway Pundit * by Jordan Conradson

October 2, 2026

Ms. Rachel’s Politics Sparks Pushback from Parents: A ‘Mouthpiece’ for Hamas

October 2, 2026

Anthropic Co-Founder Daniela Amodei Kept ‘Personal Advisory Council’ of Stuffed Animals to Solve Problems

October 2, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.