SPIRITUAL AI

Faisal Basri Answers Jokowi's Calculations Regarding Nickel Downstreaming to Profit RI Senior economist Faisal Basri answered President Joko Widodo's (Jokowi) statement regarding the calculations of downstream nickel benefiting Indonesia. Previously, Faisal Basri stated that nickel downstreaming would only benefit China.  In his statement, Jokowi emphasized that Indonesia still benefits greatly from downstream minerals. He explained that for nickel alone, the calculation until now is that the export value of processed nickel products is far greater than the export value of raw nickel.  According to Jokowi, nickel that is exported raw only costs Rp. 17 trillion a year, but nickel that has been processed into various products has an export value of Rp. 510 trillion.  "If we do our calculations, yes, I take nickel as an example, when the raw material is exported raw, it is only Rp. 17 trillion a year, after entering downstream it becomes Rp. 510 trillion," sa