Indonesia plans mineral exchange to strengthen price discovery and market oversight
Thursday, June 4 2026 - 11:51 PM WIB
Indonesia plans to establish a domestic mineral exchange to support price discovery for the country's vast mineral resources and reduce reliance on overseas trading platforms, Finance Minister Purbaya Yudhi Sadewa said on Thursday.
The proposed exchange will fall under the supervision of the Financial Services Authority OJK, following revisions to the Law on Financial Sector Development and Strengthening (P2SK) that expand the regulator's responsibilities.
Purbaya said the mineral exchange would be separate from state owned mineral export company DSI and is intended to provide a domestic marketplace for commodities that are currently traded through exchanges abroad.
"There is a mineral market and a mineral exchange. OJK will supervise it," Purbaya told reporters at the parliament complex in Jakarta. "Many of our mineral products are traded through exchanges in Singapore or other countries even though Indonesia is a major producer."
Read also: Govt explains why planned royalty hike targets minerals, excludes coal
Indonesia is one of the world's leading producers of nickel, tin, coal, bauxite and other strategic minerals. The government has increasingly sought to capture more value from the country's natural resources through downstream processing and greater control over commodity supply chains.
Under the revised legislation, OJK's mandate will be broadened to include oversight and regulation of mineral exchanges and other strategic commodity markets. The expanded responsibilities will require additional supervisory capacity within the regulator, including the appointment of dedicated officials to oversee the new sector.
Purbaya did not provide a timeline for the launch of the exchange but indicated the government intends to move quickly.
The House of Representatives approved amendments to the P2SK Law on Thursday, paving the way for OJK's expanded role. The legislation also reinforces the regulator's authority over capital markets, financial derivatives, carbon trading and strategic commodity exchanges.
Deputy Chairman of House Commission XI, Mohammad Hekal, said the amendments include provisions granting OJK authority to regulate and supervise mineral and strategic commodity exchanges, alongside other financial market activities.
Editing by Alexander Ginting