RRI.CO.ID, Jakarta – The Indonesian Ministry of Trade has set the Export Reference Price (HPE) and Reference Price (HR) for copper and gold concentrates for the second period of April 2026. The decision is outlined in Minister of Trade Decree No. 624/2026, effective April 15–30.

The HPE for copper concentrate (Cu ≥ 15 percent) is set at USD 6,174.75 per Wet Metric Ton (WMT), a 4.97 percent decrease from the first period of April 2026, when it was recorded at USD 6,497.50 per WMT.

The HPE for gold has also fallen to USD 147,550.12 per kilogram from USD 157,267.62 per kilogram. Meanwhile, the HR for gold decreased to USD 4,589.33 per troy ounce (t oz) from USD 4,891.57 per t oz.

Director General of Foreign Trade at the Ministry, Tommy Andana, said the decline in copper concentrate prices was influenced by the US dollar's appreciation and high global yields, which reduced the appeal of precious metals as non-yielding assets.

He added that price pressures were also driven by rising copper inventories and a decline in copper imports in China, reflecting subdued physical demand during the period.

“Specifically for silver, price pressure was also influenced by higher volatility and a correction following the price increase in the previous period, coupled with industrial demand that remains subdued,” Tommy said, as quoted on the ministry's official website.

During the data collection period, copper prices fell by 2.93 percent, gold by 6.18 percent, and silver by 9.65 percent.

The HPE and HR are determined based on technical input from the Ministry of Energy and Mineral Resources (ESDM), which refers to data from the London Metal Exchange (LME) for copper and the London Bullion Market Association (LBMA) for gold and silver.

“The determination was made through inter-ministerial coordination involving the Coordinating Ministry for Economic Affairs, the Ministry of Trade, the Ministry of ESDM, the Ministry of Finance, and the Ministry of Industry,” Tommy said. ***