{
    "success": true,
    "data": {
        "id": 1681613,
        "msgid": "ministry-of-trade-us-dollar-strengthening-pressures-copper-and-gold-export-reference-prices-1776336713",
        "date": "2026-04-16 17:18:35",
        "title": "Ministry of Trade: US Dollar Strengthening Pressures Copper and Gold Export Reference Prices",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Mining",
        "summary": "Indonesia's Ministry of Trade has announced a decline in the export reference prices (HPE) for copper concentrate and gold for the second period of April 2026, attributed primarily to the strengthening US dollar and high global yields. Copper concentrate prices fell by 4.97% to $6,174.75 per wet metric tonne, while gold prices dropped 6.18% to $147,550.12 per kilogram, with similar pressures on silver due to inventory increases and subdued demand in China. This inter-ministerial determination highlights the impact of global market dynamics on Indonesia's key mining exports.",
        "content": "<p>Jakarta (ANTARA) - The Ministry of Trade (Kemendag) states that the\ndecline in the export reference price (HPE) for copper concentrate and\ngold commodities is influenced by the strengthening of the US dollar for\nthe second period of April 2026.<\/p>\n<p>In a statement from Kemendag in Jakarta on Thursday, the HPE for\ncopper concentrate is set at $6,174.75 per Wet Metric Tonne (WMT) for\nthe second period of April 2026.<\/p>\n<p>This value represents a decrease of 4.97% compared to the first\nperiod of April 2026, which was recorded at $6,497.50 per WMT.<\/p>\n<p>Additionally, the HPE for gold has fallen to $147,550.12 per kilogram\nfrom $157,267.62 per kilogram.<\/p>\n<p>The reference price (HR) for gold has also declined to $4,589.33 per\ntroy ounce (t oz) from $4,891.57 per t oz.<\/p>\n<p>\u201cThe decline in gold and silver prices is mainly influenced by the\nstrengthening US dollar and high yields, which pressure the\nattractiveness of precious metals as non-yield assets,\u201d said Director\nGeneral of Foreign Trade at Kemendag, Tommy Andana.<\/p>\n<p>He added that high global interest rates, which suppress commodity\ndemand, also affect the decline in the HPE for copper concentrate.<\/p>\n<p>Price pressures are also influenced by an increase in copper\ninventory as well as a decrease in copper imports in China, reflecting\nsubdued physical demand during that period.<\/p>\n<p>During the data collection period, copper (Cu) prices fell by 2.93%,\ngold by 6.18%, and silver by 9.65%.<\/p>\n<p>\u201cSpecifically for silver, price pressures are also influenced by\nhigher volatility and a correction following price increases in the\nprevious period, accompanied by subdued industrial demand,\u201d said\nTommy.<\/p>\n<p>The HPE and HR are determined based on technical input from the\nMinistry of Energy and Mineral Resources (ESDM). This input refers to\ndata from the London Metal Exchange (LME) for copper and the London\nBullion Market Association (LBMA) for gold and silver.<\/p>\n<p>\u201cThe determination is carried out through cross-ministerial\ncoordination involving the Coordinating Ministry for Economic Affairs,\nKemendag, the Ministry of ESDM, the Ministry of Finance, and the\nMinistry of Industry,\u201d added Tommy.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ministry-of-trade-us-dollar-strengthening-pressures-copper-and-gold-export-reference-prices-1776336713",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}