Indonesia Raises Export Benchmark Prices for Copper and Gold for February 2026
The Indonesian government has raised the Export Benchmark Prices for copper and gold for February 2026, with copper concentrate increasing to USD 6,422.91 per wet metric ton and gold to USD 148,818.84 per kilogram. These adjustments, effective from February 1-14, 2026, reflect a 4.73% and 4.82% rise, respectively, driven by strong global demand and production disruptions in mining.
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The Indonesian government has increased the Export Benchmark Price (HPE) for copper concentrate (Cu 15%) to USD 6,422.91 per wet metric ton (WMT) for February 2026, marking a 4.73% rise from USD 6,133.11 per WMT in January 2026. The HPE for gold has also been raised to USD 148,818.84 per kilogram, up 4.82% from USD 141,972.92 per kilogram.
The Gold Reference Price (HR) has increased to USD 4,628.79 per troy ounce from USD 4,415.85 per troy ounce. This adjustment is outlined in Trade Ministerial Decree No 68 of 2026, applicable from February 1-14, 2026.
The price increases are attributed to strong global demand for copper, particularly from the renewable energy sector and production disruptions in mining. During the data collection period, copper prices rose 4.01%, gold increased 4.82%, and silver surged 17.99%.
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