The Existence of JFX and KBI in Minerba Convex 2025

16 Oct 2025

Jakarta, October 18, 2025 – The participation of the Jakarta Futures Exchange (JFX) and the Indonesian Derivatives Clearing House (KBI), part of the state-owned holding company Danareksa, in Minerba Convex 2025 represents a significant milestone in strengthening the governance and competitiveness of national commodity trade.

With over 700 booth visitors and talk show participants in attendance, the enthusiasm of the public and stakeholders demonstrates the high level of interest in JFX and KBI's efforts to realize transparent, credible, and globally recognized tin trade.

At this exhibition, JFX showcased its latest achievements and innovations in tin trading, while also introducing development directions for other strategic commodities, from minerals and coal to energy, agriculture, and precious metals. This step is part of the strategy to diversify products and strengthen the value chain of the Indonesian mineral and coal industry.

This participation aligns with the national Minerba One program initiated by the Ministry of Energy and Mineral Resources. Minerba One, through MODI (Minerba One Data Indonesia) and MOMI (Minerba One Map Indonesia), aims to strengthen traceability, transparency, and industry oversight, while supporting state revenue. All members of the JFX-KBI Tin Exchange have reported their transactions to MODI, aligning this step with the government's efforts to build integrated mining governance.

"JFX and KBI's participation in Minerba Convex 2025 is a response to market challenges, ranging from price fluctuations, the need for transparency, to increased global competitiveness. Our Tin Exchange has proven that transactions are transparent, credible, sustainably monitored, and offer competitive prices. Our commitment is to provide added value to the industry, support downstreaming, and expand our reach to other mining commodity trades," said Yazid Kanca Surya, President Director of JFX.

Since 2019, JFX and KBI have recorded a tin trading volume of over 300,000 tons with a value of US$8 billion, involving more than 60 active business players. In 2024, more than 95% of national tin transactions, both domestic and export, were recorded through JFX and KBI, confirming their position as key pillars in the global supply chain.

"KBI plays a role in maintaining financial integrity in clearing services and guaranteeing transaction settlements across the futures trading ecosystem. Together with JFX, we continue to improve innovation in clearing and guarantee services in the mineral and coal sector, adopting information systems and technology, and digital services that are reliable, transparent, and trustworthy," explained Budi Susanto, President Director of KBI.

In the Minerba Convex 2025 talk show, Bappebti, as the futures trading supervisory authority, emphasized that tin trading through JFX contributes to strengthening export governance, reducing illegal practices, and increasing state revenue.

"JFX and KBI's steps to strengthen mineral and coal trade governance demonstrate their contribution to transforming the market toward global competitiveness. Bappebti fully supports this effort as part of Indonesia's increasingly integrated strategic commodity ecosystem,"
said Ima Siti Fatimah, Head of the Commodity Futures Trading Development and Development Bureau.

Bappebti also emphasized the importance of encouraging business actors to conduct hedging activities domestically. This effort can be strengthened through the involvement of liquidity providers, one example being JFX's collaboration with Onyx Capital Group, to increase market liquidity and national trade competitiveness.

In addition to appearing at the booth and in the talk show, the JFX President Director also spoke in a breakout room entitled "Mining's Contribution to National and Regional Development." In the session, he emphasized the importance of downstreaming and the presence of exchanges in producing countries, so that the added value of commodities such as tin, nickel, and CPO remains domestic.

"We at the Exchange are committed to launching relevant futures products, ensuring that downstream processing takes place in Indonesia. This way, added value and a longer business chain can be extended domestically, strengthening the industry's contribution to the national economy," said Yazid Kanca Surya.

The participation of JFX and KBI in Minerba Convex 2025 demonstrates multi-stakeholder synergy in addressing industry challenges and building an adaptive, credible commodity trading ecosystem that supports a sustainable energy transition.