Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025

Ukar Wijaya Soelistijo; Pakerti Lutzow Anjani; Hanif Ikhsan Pratama; Hariono La Pili; Mixsindo Korra Herdyanti

doi:doi:10.11648/j.earth.20150404.11

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Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025

Ukar Wijaya Soelistijo, Pakerti Lutzow Anjani, Hanif Ikhsan Pratama, Hariono La Pili, Mixsindo Korra Herdyanti

Published in Earth Sciences (Volume 4, Issue 4)

Received: 24 May 2015 Accepted: 29 May 2015 Published: 29 June 2015

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Abstract

Indonesia is one of the mineral rich developing countries in the world. Indonesia has a large quantity of mineral resources such as natural oil and gas, hard minerals (metallic, non metallic/industrial mineral, coal, and stone), because it is located in the Pacific ring of fire. Mineral and energy commodities have always been giving contribution to Gross Domestic Product (GDP) of Indonesia besides doing regional development, because of its potential mineral resources. Trade of mineral commodity aims is to gain from trade of mineral to increase economic growth through Balance of Trade (BOT). Mineral commodity markets have been volatile for a long time. The trends of mineral commodity prices have been fluctuated and recently it changed dramatically due to commodity prices to increase within only several years. The aims of this study are to comprehend recent contribution of mining sector to Indonesian economy 1990-2014 and to analyze forecasting of mineral commodity future prices until 2025. The price trends of commodity mineral is increasing from time to time, but sometimes decreasing because of world crisis, scarcity, and other problems in the world related to mining, trade, and relationship between countries, such as fundamentals matter, including long-run demand growth, technical change that opens up new sources of supply, changes that transform the operation of financial markets, and macro-economic shocks, etc. Mining sector contribute about 6-12% of Indonesian Gross Domestic Product and increasing from time to time. Contribution of mining includes trade of mineral commodity, regional development by companies, etc. It is shown that mining is important for Indonesian economy. Methodology applied in this paper is data analysis using dynamic commodity and macroeconomic models and forecast using linear and polynomial regression with its trend line.

Published in	Earth Sciences (Volume 4, Issue 4)
DOI	10.11648/j.earth.20150404.11
Page(s)	129-145
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Mineral, Price Trend, Trade, Forecast, Economy

References

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APA Style

Ukar Wijaya Soelistijo, Pakerti Lutzow Anjani, Hanif Ikhsan Pratama, Hariono La Pili, Mixsindo Korra Herdyanti. (2015). Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025. Earth Sciences, 4(4), 129-145. https://doi.org/10.11648/j.earth.20150404.11

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ACS Style

Ukar Wijaya Soelistijo; Pakerti Lutzow Anjani; Hanif Ikhsan Pratama; Hariono La Pili; Mixsindo Korra Herdyanti. Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025. Earth Sci. 2015, 4(4), 129-145. doi: 10.11648/j.earth.20150404.11

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AMA Style

Ukar Wijaya Soelistijo, Pakerti Lutzow Anjani, Hanif Ikhsan Pratama, Hariono La Pili, Mixsindo Korra Herdyanti. Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025. Earth Sci. 2015;4(4):129-145. doi: 10.11648/j.earth.20150404.11

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@article{10.11648/j.earth.20150404.11,
  author = {Ukar Wijaya Soelistijo and Pakerti Lutzow Anjani and Hanif Ikhsan Pratama and Hariono La Pili and Mixsindo Korra Herdyanti},
  title = {Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025},
  journal = {Earth Sciences},
  volume = {4},
  number = {4},
  pages = {129-145},
  doi = {10.11648/j.earth.20150404.11},
  url = {https://doi.org/10.11648/j.earth.20150404.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.earth.20150404.11},
  abstract = {Indonesia is one of the mineral rich developing countries in the world. Indonesia has a large quantity of mineral resources such as natural oil and gas, hard minerals (metallic, non metallic/industrial mineral, coal, and stone), because it is located in the Pacific ring of fire. Mineral and energy commodities have always been giving contribution to Gross Domestic Product (GDP) of Indonesia besides doing regional development, because of its potential mineral resources. Trade of mineral commodity aims is to gain from trade of mineral to increase economic growth through Balance of Trade (BOT). Mineral commodity markets have been volatile for a long time. The trends of mineral commodity prices have been fluctuated and recently it changed dramatically due to commodity prices to increase within only several years. The aims of this study are to comprehend recent contribution of mining sector to Indonesian economy 1990-2014 and to analyze forecasting of mineral commodity future prices until 2025. The price trends of commodity mineral is increasing from time to time, but sometimes decreasing because of world crisis, scarcity, and other problems in the world related to mining, trade, and relationship between countries, such as fundamentals matter, including long-run demand growth, technical change that opens up new sources of supply, changes that transform the operation of financial markets, and macro-economic shocks, etc. Mining sector contribute about 6-12% of Indonesian Gross Domestic Product and increasing from time to time. Contribution of mining includes trade of mineral commodity, regional development by companies, etc. It is shown that mining is important for Indonesian economy. Methodology applied in this paper is data analysis using dynamic commodity and macroeconomic models and forecast using linear and polynomial regression with its trend line.},
 year = {2015}
}

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TY  - JOUR
T1  - Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025
AU  - Ukar Wijaya Soelistijo
AU  - Pakerti Lutzow Anjani
AU  - Hanif Ikhsan Pratama
AU  - Hariono La Pili
AU  - Mixsindo Korra Herdyanti
Y1  - 2015/06/29
PY  - 2015
N1  - https://doi.org/10.11648/j.earth.20150404.11
DO  - 10.11648/j.earth.20150404.11
T2  - Earth Sciences
JF  - Earth Sciences
JO  - Earth Sciences
SP  - 129
EP  - 145
PB  - Science Publishing Group
SN  - 2328-5982
UR  - https://doi.org/10.11648/j.earth.20150404.11
AB  - Indonesia is one of the mineral rich developing countries in the world. Indonesia has a large quantity of mineral resources such as natural oil and gas, hard minerals (metallic, non metallic/industrial mineral, coal, and stone), because it is located in the Pacific ring of fire. Mineral and energy commodities have always been giving contribution to Gross Domestic Product (GDP) of Indonesia besides doing regional development, because of its potential mineral resources. Trade of mineral commodity aims is to gain from trade of mineral to increase economic growth through Balance of Trade (BOT). Mineral commodity markets have been volatile for a long time. The trends of mineral commodity prices have been fluctuated and recently it changed dramatically due to commodity prices to increase within only several years. The aims of this study are to comprehend recent contribution of mining sector to Indonesian economy 1990-2014 and to analyze forecasting of mineral commodity future prices until 2025. The price trends of commodity mineral is increasing from time to time, but sometimes decreasing because of world crisis, scarcity, and other problems in the world related to mining, trade, and relationship between countries, such as fundamentals matter, including long-run demand growth, technical change that opens up new sources of supply, changes that transform the operation of financial markets, and macro-economic shocks, etc. Mining sector contribute about 6-12% of Indonesian Gross Domestic Product and increasing from time to time. Contribution of mining includes trade of mineral commodity, regional development by companies, etc. It is shown that mining is important for Indonesian economy. Methodology applied in this paper is data analysis using dynamic commodity and macroeconomic models and forecast using linear and polynomial regression with its trend line.
VL  - 4
IS  - 4
ER  -

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Author Information

Ukar Wijaya Soelistijo

University of Islam Bandung (UNISBA), Department of Mining Engineering, Faculty of Engineering, Bandung, Indonesia
Pakerti Lutzow Anjani

Institute of Technology Bandung, Department of Mining Engineering, Faculty of Mining and Petroleum Engineering, Bandung, Indonesia
Hanif Ikhsan Pratama

Institute of Technology Bandung, Department of Mining Engineering, Faculty of Mining and Petroleum Engineering, Bandung, Indonesia
Hariono La Pili

University of Halu Oleo, Department of Mining Engineering
Mixsindo Korra Herdyanti

University of Trisakti, Department of Mining Engineering, Faculty of Engineering, Jakarta, Indonesia

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APA Style

Ukar Wijaya Soelistijo, Pakerti Lutzow Anjani, Hanif Ikhsan Pratama, Hariono La Pili, Mixsindo Korra Herdyanti. (2015). Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025. Earth Sciences, 4(4), 129-145. https://doi.org/10.11648/j.earth.20150404.11

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ACS Style

Ukar Wijaya Soelistijo; Pakerti Lutzow Anjani; Hanif Ikhsan Pratama; Hariono La Pili; Mixsindo Korra Herdyanti. Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025. Earth Sci. 2015, 4(4), 129-145. doi: 10.11648/j.earth.20150404.11

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AMA Style

Ukar Wijaya Soelistijo, Pakerti Lutzow Anjani, Hanif Ikhsan Pratama, Hariono La Pili, Mixsindo Korra Herdyanti. Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025. Earth Sci. 2015;4(4):129-145. doi: 10.11648/j.earth.20150404.11

Copy | Download

@article{10.11648/j.earth.20150404.11,
  author = {Ukar Wijaya Soelistijo and Pakerti Lutzow Anjani and Hanif Ikhsan Pratama and Hariono La Pili and Mixsindo Korra Herdyanti},
  title = {Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025},
  journal = {Earth Sciences},
  volume = {4},
  number = {4},
  pages = {129-145},
  doi = {10.11648/j.earth.20150404.11},
  url = {https://doi.org/10.11648/j.earth.20150404.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.earth.20150404.11},
  abstract = {Indonesia is one of the mineral rich developing countries in the world. Indonesia has a large quantity of mineral resources such as natural oil and gas, hard minerals (metallic, non metallic/industrial mineral, coal, and stone), because it is located in the Pacific ring of fire. Mineral and energy commodities have always been giving contribution to Gross Domestic Product (GDP) of Indonesia besides doing regional development, because of its potential mineral resources. Trade of mineral commodity aims is to gain from trade of mineral to increase economic growth through Balance of Trade (BOT). Mineral commodity markets have been volatile for a long time. The trends of mineral commodity prices have been fluctuated and recently it changed dramatically due to commodity prices to increase within only several years. The aims of this study are to comprehend recent contribution of mining sector to Indonesian economy 1990-2014 and to analyze forecasting of mineral commodity future prices until 2025. The price trends of commodity mineral is increasing from time to time, but sometimes decreasing because of world crisis, scarcity, and other problems in the world related to mining, trade, and relationship between countries, such as fundamentals matter, including long-run demand growth, technical change that opens up new sources of supply, changes that transform the operation of financial markets, and macro-economic shocks, etc. Mining sector contribute about 6-12% of Indonesian Gross Domestic Product and increasing from time to time. Contribution of mining includes trade of mineral commodity, regional development by companies, etc. It is shown that mining is important for Indonesian economy. Methodology applied in this paper is data analysis using dynamic commodity and macroeconomic models and forecast using linear and polynomial regression with its trend line.},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - Trend of Mineral Commodity Price and its Impact on the Indonesia Economy 1990-2025
AU  - Ukar Wijaya Soelistijo
AU  - Pakerti Lutzow Anjani
AU  - Hanif Ikhsan Pratama
AU  - Hariono La Pili
AU  - Mixsindo Korra Herdyanti
Y1  - 2015/06/29
PY  - 2015
N1  - https://doi.org/10.11648/j.earth.20150404.11
DO  - 10.11648/j.earth.20150404.11
T2  - Earth Sciences
JF  - Earth Sciences
JO  - Earth Sciences
SP  - 129
EP  - 145
PB  - Science Publishing Group
SN  - 2328-5982
UR  - https://doi.org/10.11648/j.earth.20150404.11
AB  - Indonesia is one of the mineral rich developing countries in the world. Indonesia has a large quantity of mineral resources such as natural oil and gas, hard minerals (metallic, non metallic/industrial mineral, coal, and stone), because it is located in the Pacific ring of fire. Mineral and energy commodities have always been giving contribution to Gross Domestic Product (GDP) of Indonesia besides doing regional development, because of its potential mineral resources. Trade of mineral commodity aims is to gain from trade of mineral to increase economic growth through Balance of Trade (BOT). Mineral commodity markets have been volatile for a long time. The trends of mineral commodity prices have been fluctuated and recently it changed dramatically due to commodity prices to increase within only several years. The aims of this study are to comprehend recent contribution of mining sector to Indonesian economy 1990-2014 and to analyze forecasting of mineral commodity future prices until 2025. The price trends of commodity mineral is increasing from time to time, but sometimes decreasing because of world crisis, scarcity, and other problems in the world related to mining, trade, and relationship between countries, such as fundamentals matter, including long-run demand growth, technical change that opens up new sources of supply, changes that transform the operation of financial markets, and macro-economic shocks, etc. Mining sector contribute about 6-12% of Indonesian Gross Domestic Product and increasing from time to time. Contribution of mining includes trade of mineral commodity, regional development by companies, etc. It is shown that mining is important for Indonesian economy. Methodology applied in this paper is data analysis using dynamic commodity and macroeconomic models and forecast using linear and polynomial regression with its trend line.
VL  - 4
IS  - 4
ER  -

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