SHANGHAI, Dec. 26 (CBI China) -- Indonesia's new Mineral Act passed on Dec. 16th, domestic nickel ore importers said that the Act on prohibition of mineral imports has been passed. As the demand areas are mainly in China, Japan and South Korea, the government had to bend the rules for nickel ore imports in view of the sharp declines in demand due to nickel prices plummet, the Act gave the nickel enterprises three-year transition period, and will prohibit the lateritic nickel ore exports completely after three years.
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