Nickel ore traders await clarity on May 6 ban

May 03, 2012 | 02:18 AM |

Nickel ore buyers and sellers are still waiting for clarity on whether Indonesia will ban exports in three days time, or only impose an export tax. The government announced in early February that the ban would be introduced on May 6, but market participants have been left in limbo this week after an apparent change of direction. Confusion spread after local media reported that the country’s minister for Indonesian energy and mineral resources, Jero Wacik, had announced on Tuesday May 1....

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