Indonesias 2014 mineral export ban is a big risk for
copper but even more so for nickel, Barclays Capital Plc
commodities analyst Gayle Berry said Oct. 3.
"If they impose the
export ban in a draconian way, a significant amount of copper
concentrate is at risk," Berry said at the Copper Concentrates
conference in London, hosted by AMM sister publication
However, copper is
less at risk than nickel if the ban goes through, she said. "I
dont think it will be an all-out ban. I think we will see
a graduated increase in export taxes and policy on a
Berry said, is that the Philippines, Chinas other major
nickel ore supplier, wont be able to make up for
shortfalls from Indonesia.
Indonesia could raise
its tax on mineral exports instead of banning them, and
Chinas nickel ore inventory is likely to limit the effect
of any Indonesian export ban on the country, participants said
at Metal Bulletins Asian nickel conference in
Jakarta, Indonesia, in September.
A version of this
article was first published in AMM sister publication Metal