Indonesia Raised Copper Concentrate Export Benchmark Price (HPE) by 15.1% in Early Nov-25

INDUSTRY
Indonesia Raised Copper Concentrate Export Benchmark Price (HPE) by 15.1% in Early Nov-25 
The Ministry of Trade set the copper concentrate export benchmark price (HPE) at USD 5,462.14/WMT for 05–14 Nov-25, up 15.1% from USD 4,745.52/WMT in late Sep-25, under Ministerial Decree No. 2151/2025. The rise was attributed to higher global demand from renewable energy industries and limited supply due to production disruptions at major mines. The Ministry added that stronger metal prices — copper +9.45%, gold +18.86%, and silver +27.81% — also boosted the HPE adjustment. (Kontan)

COMPANY
MSCI Indonesia Index Review – Nov-25 
MSCI announced the results of its semi-annual index review for the Global Standard, Small Cap, and Micro Cap indices, effective 25 Nov-25. The details are as follows: 
MSCI Indonesia Global Standard Index 
- Inclusion: BRMS, BREN 
- Exclusion: KLBF, ICBP 

MSCI Indonesia Small Cap Index 
- Inclusion: DSNG, ENRG, MSIN, RAJA, WIFI, TINS, KLBF 
- Exclusion: BRMS, SMSM, ULTJ 

MSCI Indonesia Micro Cap Index 
- Inclusion: – 
- Exclusion: – 
The next MSCI index review will be announced on 10 Feb-26, effective 02 Mar-26. (MSCI)

Bumi Resources Minerals (BRMS) Planned USD 600 mn Loan for Expansion Projects 
BRMS planned to secure a USD 600 mn syndicated loan from local and foreign banks to fund expansion projects. Around USD 300 mn will finance underground gold mining in Palu, while the remainder supports exploration and plant construction in Gorontalo Minerals and Linge Mineral Resources. The co. estimated FY25 operating profit above USD 70 mn, with EBITDA projected to rise to USD 150– 200 mn once Palu mine begins operation, ensuring manageable debt service. BRMS also considered alternative funding via bonds or rights issue for future acquisitions. (Kontan)