Indonesia has issued bans on nickel, bauxite, and palm oil. This has a great impact on our country. First, it will have a certain impact on our country’s steel smelting field, and secondly, it will affect the domestic aerospace industry products. Construction will have a certain impact on the pastry industry, cause a small amount of domestic inflation, and reduce the circulation rate of RMB in the international community. It is necessary to explain and analyze the reasons why Indonesia’s ban on nickel, bauxite, palm oil, etc. has a great impact on our country from the following five aspects.

1. It will have a certain impact on my country’s steel smelting field

First of all, it will have a certain impact on my country’s steel smelting field. Nickel needs to be added in steel smelting, so that Corresponding stainless steel and other alloy metals can be manufactured. Because Indonesia has banned exports, the supply of corresponding nickel materials in the international community will decrease.

Second, it affects the construction of domestic aerospace industrial products

Secondly, it affects the construction of domestic aerospace industrial products. For domestic aerospace industrial products, including rocket manufacturing and aircraft manufacturing, they are all needed If bauxite is used, if there is no corresponding sufficient supply of bauxite, it will affect the manufacturing of aerospace industrial products, which is not conducive to the development of China's aerospace industry.

3. It will have a certain impact on the Western pastry industry

Furthermore, it will have a certain impact on the Western pastry industry. For the Western pastry industry, palm oil is needed to make corresponding products. Ghee, margarine, if the international community reduces the supply of domestic palm oil, it will limit the expansion of the pastry industry to a certain extent.

4. Cause a small amount of domestic inflation

The other is a small amount of domestic inflation. For China, Indonesia prohibits the export of corresponding nickel, palm oil, and bauxite. After that, the international community will increase the prices of corresponding raw materials, which will promote the rise of domestic inflation to a certain extent.

5. Reduce the circulation rate of RMB in the international community

There is also a reduction in the circulation rate of RMB in the international community. For China, Indonesia has introduced corresponding export ban policies. This will increase domestic fiscal expenditures, and many foreign exchange financial institutions in the international currency market will reduce their reserves of RMB, thereby reducing the circulation of RMB in the international market to a certain extent.

Things that China should pay attention to:

Substitute channels for raw materials should be selected based on actual conditions.