Indonesia export ban yet to impact NA nickel
Dec 11, 2013 | 05:17 PM
| Rey Mashayekhi
NEW YORK Indonesias plan to ban nickel ore exports next month has not affected North American spot nickel trading activity or long-term nickel supply agreements for next year, according to market participants.
The Indonesian government announced last week that it would implement the ban on "all exports of mineral raw material for further purification" effective Jan. 12, a move that will restrict the supply of ore that China uses to fuel its thriving nickel pig iron (NPI) industry. London-based Barclays Capital Plc cited the ban as cause for optimism for the nickel markets long-term....
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