Ban will speed up shortage: Royal Nickel

Jan 21, 2014 | 04:12 PM | Rey Mashayekhi

Tags  nickel, stainless steel, Royal Nickel, Dumont, China nickel, nickel pig iron, ore, export ore export ban

NEW YORK — The Indonesian government’s nickel ore export ban is a "fundamentally transformative" event that "will change the nature of the nickel market over the next three to five years," Royal Nickel Corp. said in a conference call with investors and analysts Jan. 21.

The ban, which took effect last week, is expected to seriously undercut China’s booming nickel pig iron (NPI) industry, which has relied heavily upon Indonesian raw material for feed. The Toronto-based miner said the legislation is expected to remove 25 to 30 percent of the world’s nickel supply—the equivalent of "all of the OPEC (Organization of Petroleum Exporting Countries) Gulf states ceasing oil production or Chile....

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