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New Caledonia Approves Nickel Ore Exports to China
Apr 6, 2016 10:22Source:SMM
The New Caledonian government has approved exports of low grade nickel ore to China, a move to offset loss of exports to Australia.
SHANGHAI, Apr. 6 (SMM) - The New Caledonian government has approved exports of low grade nickel ore to China, a move to offset loss of exports to Australia.
China Nickel Ore Inventories Continue Falling, SMM Reports
Two companies will be authorized to sell 350,000 tonnes each for a year to China, but have to avoid producers which are in direct competition with New Caledonia's smelters.
In 2015, the country only permitted MKM to export low-grade nickel ore to China, shipping 300,000 tonnes of ore in 18 months to China.
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