Antam to Restart Nickel Ore Exports in May after 3-Year Halt-Shanghai Metals Market

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Antam to Restart Nickel Ore Exports in May after 3-Year Halt

Industry News 09:56:30AM May 03, 2017 Source:SMM

SHANGHAI, May 3 (SMM) – Antam will resume nickel ore exports from May, a company executive said on May 2. The first shipment, which is being loaded, is expected at 150,000 tonnes, and to leave for China in early May. 

The shipment will be the company’s first after Indonesia introduced a ban on ore exports three years ago. 

What’s Outlook for Nickel Market after Cut News at Chinese NPI and Stainless Steel Producers? SMM Reports

Indonesia decided to relax its ban early this year, and has given export permission to companies which have smelting capacities in the country. Antam is one of those eligible ones. 

The Indonesian miner has already been allowed to export 2.7 million tonnes of nickel ore over the 12 months from end-March, and also asked for additional export quotas of 3.7 million tonnes of nickel ore over the next year. 

Antam Reports 33 Percent Drop in Ferronickel Output in First Quarter of 2017

According to SMM data, nickel ore inventories at China’s major 7 ports kept growing last week, and medium and high-grade nickel ore prices, for future delivery, were down over the period. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

Antam to Restart Nickel Ore Exports in May after 3-Year Halt

Industry News 09:56:30AM May 03, 2017 Source:SMM

SHANGHAI, May 3 (SMM) – Antam will resume nickel ore exports from May, a company executive said on May 2. The first shipment, which is being loaded, is expected at 150,000 tonnes, and to leave for China in early May. 

The shipment will be the company’s first after Indonesia introduced a ban on ore exports three years ago. 

What’s Outlook for Nickel Market after Cut News at Chinese NPI and Stainless Steel Producers? SMM Reports

Indonesia decided to relax its ban early this year, and has given export permission to companies which have smelting capacities in the country. Antam is one of those eligible ones. 

The Indonesian miner has already been allowed to export 2.7 million tonnes of nickel ore over the 12 months from end-March, and also asked for additional export quotas of 3.7 million tonnes of nickel ore over the next year. 

Antam Reports 33 Percent Drop in Ferronickel Output in First Quarter of 2017

According to SMM data, nickel ore inventories at China’s major 7 ports kept growing last week, and medium and high-grade nickel ore prices, for future delivery, were down over the period. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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