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Oct 28,2019 19:10CST
Indonesian nickel export ban takes effect today
The content below was translated by Tencent automatically for reference.

SMM10, 28 Jun: according to foreign sources, Baril Rahadalia (Bahlil Lahadalia), chairman of the Indonesian Investment Committee, issued a statement saying that the Indonesian government immediately banned nickel mine producers from selling abroad. The export ban imposed today is earlier than the original January 1, 2020.

According to Lahadalia, the ore used for export will be purchased by domestic refineries at international prices, excluding taxes and transit costs.

After the news, the LME three-month nickel plate rose, to 19:19, an increase of 0.86% to $16995 / ton.

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