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Blockbuster: Must-know Details of Indonesian Nickel Ore Export Quota

iconNov 1, 2017 13:55
Source:SMM
Today see a limit-up of future nickel but why not the price of nickel ore follows up?

SHANGHAI, Nov.1 (SMM)-Today see a limit-up of future nickel but why not the price of nickel ore follows? SMM learned that after Indonesian nickel ore export quota is approved, the government ask for export completion within 12 months, otherwise the quota will expire. But there is one detail being omitted, saying Indonesian government requires export completion for all quota applied within 12 months, otherwise shall be claimed accountability! So recently Indonesian nickel ores tends to ship goods frequently, with nickel price lacking support to rise.


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nickel
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