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Indonesia's Jokowi bans bauxite exports from June, China likely hurt

Move comes despite country's defeat to EU on nickel restrictions

A port in Pomala, Southeast Sulawesi province, Indonesia: The Southeast Asian nation will ban exports of the primary source of aluminum in June.   © Reuters

JAKARTA -- Indonesian President Joko "Jokowi" Widodo on Wednesday announced a ban on exports of another mineral, this time bauxite, as Widodo remains steadfast in his drive to develop a domestic mineral refining and processing industry.

"The government is committed to continually building sovereignty in our natural resources sector and add value to domestic [products] in order to open as many jobs as possible, increase foreign exchange [revenue] and create an even economic growth," the president said while announcing the policy at the presidential palace in Jakarta.

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