Indonesia export ban yet to impact NA nickel

Dec 11, 2013 | 05:17 PM | Rey Mashayekhi

Tags  nickel, spot nickel market, Indonesia exprot ban, nickel pig iron, NPI, London Metal Exchange, LME, contracts Rey Mashayekhi

NEW YORK — Indonesia’s 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 market’s long-term....

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