Metals News
SMM Revises Down 2017 Nickel Ore Exports from Indonesia
smm insight
09:49AM
Apr 1,2017
Source:SMM

SHANGHAI, Apr. 1 (SMM) – News heard over this past week that 4 Indonesian nickel ore mining firms are applying for ore export quotas, and Antam got the initial clearance for Indonesian nickel ore exports. But, the export quota of 2.70 million WMT is much below its application amount of 6 million WMT, raising market doubts over 2017 nickel ore shipments from Indonesia, world’s number one nickel ore supplier before its 2014 export ore ban.

How Many Nickel Ore to Go to China from Indonesia before Quota Decision? SMM Reports

After evaluating the other three applicants, SMM expects 2017 nickel ore exports from Indonesia to reach about 5.70-6.70 million WMT, lower than the previous estimation of 8-10 million WMT, with details below.

Nickel Ore Export Quota Estimation on Four Indonesian Ore Miners 

Mine

Smelter

Capacity

(1,000 tonne)

NPI Grade (%)

Ore Consumption (1,000 WMT)

Export Quota for Application

(1,000 WMT)

Approved Export Quota (E)

(1,000 WMT)

 

Antam

Antam

120

25%

3000

6000

2700

(confirmed)

Fajar Bhakti Lintas

Eastern Special Steel

90

10%

1000

 

1000

(SMM estimation)

Ifishdeco

Bintang Smelter

50

10%

500

1000

500-1000

(SMM estimation)

Central Omega

PT Macrolink Nickel Development

260

10%

2500

3000

1500-2000

(SMM estimation)

Nickel ore export estimation for 2017

5700-6700

Source: SMM

According to Antam’s confirmed export quota and estimated approval quota by the other three applicants (in table above), SMM judges that Indonesia determines export quota for each applicant based on ore consumption at its processing and refining facilities which are in operation and under construction.

SMM contacted Antam about the export time, and the company said it was still waiting for the recommendation to be officially issued by the mining ministry, so it was difficult to give an accurate date. Market is ready for Indonesian nickel ore except Indonesian government’s yes nod.

Based on current approval progress in the country, SMM foresees that total nickel ore exports from Indonesian and incremental volumes in 2017 will not be big even of the country expands the scope of applicants.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

nickel ore
Indonesian export ban
nickel ore inventory
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