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'Our resources, our prices': Indonesia's president announces new commodity bourse
By Bernadette Christina and Ananda Teresia
Reuters
Friday, August 14, 2026
JAKARTA -- Indonesian President Prabowo Subianto today announced a plan to create a new exchange that will set prices for the country's strategic commodities by the start of next year, in a fresh gambit to leverage the country's vast natural resources to boost growth.
Since taking office in 2024, Prabowo has pushed policies that expand state influence over critical minerals in the resource-rich nation, a major global supplier of palm oil, nickel products, and thermal coal, as well as copper, bauxite, and natural gas.
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The announcement, made during Prabowo's speech on his 2027 budget proposal, followed remarks to reassure markets over the role of a new state export firm, Danantara Sumberdaya Indonesia, which will monitor key commodity shipments but would not take control of exports.
"If they don't want to pay the prices we set, then don't buy them," Prabowo said in a fiery speech in parliament. "Better to keep those commodities, nickel, tin, gold, in the ground for our children, grandchildren," he added. ...
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