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Peraturan Menteri Perdagangan Nomor 8 Tahun 2025 (Permendag 8/2025), signed 6 March 2025 and effective 10 March 2025, is the Third Amendment to Indonesia's Export-Prohibited Goods List (Permendag 22/2023), revising prohibited-export categories across seven commodity groups: forestry (wood, bamboo), agriculture (natural rubber, porang, rice, kratom), subsidised fertilisers (nitrogen-containing mineral/chemical fertilisers), mining (tin and minerals subject to general downstream-processing rules), cultural heritage, metal waste/scrap (iron and steel), and marine sedimentation products (sea sand, marine sludge). The regulation introduces a structured hilirisasi force-majeure relaxation pathway allowing companies that have completed construction of domestic mineral refining/smelting facilities — but cannot yet operate due to force majeure — to temporarily export copper concentrate with a minimum 15% Cu content, subject to Ministry of Trade approval. It is the direct predecessor to the Fourth Amendment (Permendag 6/2026, 26 March 2026).

Indonesia's Ministry of Trade promulgated Peraturan Menteri Perdagangan (Permendag) No. 10 of 2024 on 30 May 2024, amending Permendag 22/2023 on Goods Prohibited for Export. The regulation set 31 December 2024 as the final cutoff for copper-concentrate and anode-sludge exports — extending the original 1 June 2024 ban deadline by seven months — and enforced a full prohibition starting 1 January 2025. The measure is paired with ESDM Regulation No. 6 of 2024 covering the upstream mining-product side, completing the legal architecture of Indonesia's copper "hilirisasi" (downstream-isation) mandate. The ban forces all domestically mined copper concentrate to be smelted and refined inside Indonesia. Two operators are directly affected: PT Freeport Indonesia (PTFI), majority-owned by state holding MIND ID with Freeport-McMoRan as minority partner, which operates the Grasberg mine in Papua and the new Manyar/Gresik smelter in JIIPE; and PT Amman Mineral Nusa Tenggara (subsidiary of PT Amman Mineral Internasional, IDX:AMMN), which operates the Batu Hijau mine in Sumbawa with a smelter under commissioning. A fire at Freeport's Gresik smelter in October 2024 disrupted ramp-up and forced the government to grant a discretionary export-permit extension into 2025 for PTFI, signalling that the ban — while now legally in force — is being enforced flexibly during smelter commissioning rather than as a hard stop. Permendag 10/2024 is the copper-sector equivalent of the 2020 nickel- ore export ban (ESDM 11/2019) and the planned bauxite-ore ban (effective June 2023). Together these three measures complete Indonesia's resource-nationalism package across its three highest-value mineral exports: nickel, bauxite, and copper. Combined domestic smelter capex commitments tied to the copper rule (Freeport Manyar + Amman Sumbawa) total ~USD 6 billion. Indonesia's Finance Ministry estimated forgone export revenue of ~Rp 10 trillion (~USD 640 million per year) from the copper-concentrate ban alone, which the government is treating as an acceptable downstream-policy cost. Severity is set at 4: the action is binding, durable, and reshapes a globally relevant supply chain (Indonesia is ~5% of global mined copper, rising), but discretionary export extensions during smelter commissioning soften near-term enforcement and limit the immediate market shock relative to the harder 2020 nickel rule.