Jakarta, Oct. 8 -- Coordinating Minister for Downstreaming and Energy Transition Bahlil Lahadalia stated that the government will align cross-ministerial programs, ensure locals benefit from natural resources, and consider a moratorium on semi-finished processing industries.

"Continued consumption is fine, but in the long run, I think it will lead to stagnant growth for us," Lahadalia said in a statement released on Thursday.

He noted that while domestic smelters process Indonesian nickel, most output remains semi-finished products exported abroad and re-imported as finished goods, a cycle the government intends to break.

Lahadalia, who also serves as Energy and Mineral Resources Minister, explained that his office will align programs ...