https://www.miningweekly.com
Indonesia|ICOMEX|Critical Minerals|Ferronickel|Mining|Tin|Financial Services Authority|Friderica Widyasari Dewi|Prabowo Subianto|Sarjito
||||
indonesia|icomex|critical-minerals|ferronickel|mining|tin|financial-services-authority|friderica-widyasari-dewi|prabowo-subianto|sarjito

Indonesia to open trading at planned commodity bourse on January 4, official says

Indonesian President Prabowo Subianto

Indonesian President Prabowo Subianto

Photo by Bloomberg

15th September 2026

By: Reuters

  

Font size: - +

Indonesia plans to start trading at its new commodity exchange on January 4, 2027, with tin and ferronickel to be included in the opening transactions, the chief supervisor of the commodity exchange said on Tuesday.

State miners are expected to be among the first participants in the exchange, according to a slide presented at a parliamentary hearing by chief supervisor Sarjito, who goes by a single name.

The commodity exchange, to be known as ICOMEX, is part of President Prabowo Subianto's push to expand state control over the country's vast natural resources and their proceeds.

In a fiery speech last month, Subianto said Indonesia would rather keep its resources than sell them too cheaply.

Friderica Widyasari Dewi, chairperson of the Financial Services Authority (OJK), said the exchange would help combat under-invoicing and end transfer-pricing practices for commodity exports.

The OJK expects to issue regulations for the exchange on September 17 and the bourse will be created on the same day. The license for the bourse will be issued on January 1.

"Trading on the mineral and strategic commodity exchange is expected to launch in early January, January 4, 2027, through the ICOMEX entity," Sarjito said, referring to the name of the planned exchange.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.035 0.057s - 133pq - 2rq
Subscribe Now