September 2023

Volume 06 Issue 09 September 2023
Analysis of the Effect of International Prices, Production Volume, and the US Dollar Exchange Rate on Nickel Exports in East Luwu Regency
1Donitus Dicky Marchandry, 2Ida Ayu Nyoman Saskara, 3Anak Agung Bagus Putu Widanta
1,2,3Faculty of Economics and Business, Udayana University, Denpasar, Bali, Indonesia
DOI : https://doi.org/10.47191/ijsshr/v6-i9-27

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ABSTRACT

East Luwu Regency is one of the potential areas in Indonesia whose main sector is nickel mining. Nickel is one of the raw materials for making electric vehicles that are needed in this world, especially for countries in Europe, especially with the green transformation through Net Zero Emissions in 2050. Indonesia as a country with the number one nickel production in the world restricts exports abroad by implementing a nickel ore export ban policy in order to maintain domestic nickel reserves and increase added value by refining nickel into semi-finished goods which will certainly provide benefits for exporting regions. This policy was implemented on January 1, 2020 passed Regulation of the Minister of Energy and Mineral Resources of the Republic of Indonesia No. 11 of 2019 which turned out to have a positive impact on the value of nickel exports in Indonesia, especially in one of its nickel mining areas, namely East Luwu Regency. The purpose of this study is to identify and analyze the effect of international prices, production volume and the exchange rate of the United States dollar on nickel exports in East Luwu Regency. This study uses quantitative research methods using the help of SPSS 29 software. Based on the study results it has been obtained that: (1) International prices, production volume, and US dollar rate simultaneously affect the value of nickel exports in East Luwu Regency (2) International prices have a positive and partially significant effect on the value of nickel exports in East Luwu Regency (3) Production volume has a positive and partially significant effect on the value of nickel exports in East Luwu Regency (4) The U.S. dollar exchange rate has a negative and partially significant effect on the value of nickel exports in East Luwu Regency.

KEYWORDS:

International price, volume of production, currency of the US Dollar, value of nickel exports

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Volume 06 Issue 09 September 2023

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