The recent announcement of import tariffs in the US has had an impact on the MIND ID Group as it prepares to expand its mineral exports. The minerals that MIND ID Group trades in (including copper, gold, nickel, tin, aluminium and coal) represent a relatively small percentage of the US market, with the majority bound for China, India, Japan, Hong Kong and Europe instead. This development presents an opportunity to diversify export markets and enhance market penetration, particularly for processed copper, gold, tin and nickel commodities. The current state of the global market presents an opportunity for MIND ID to increase exports of mineral products, especially if Indonesian mineral products are included in the US Tariff Exemption List.
MIND ID is strategically mapping export markets based on tariff risks, with a focus on strengthening exports to countries that are favourable to tariff and geopolitical factors. Furthermore, MIND ID will optimize value-added downstream products and increase exports of copper cathode, nickel sulphate and rare earth metal downstream products, which have higher selling points and are more resistant to market fluctuations.
