Result of Indonesia's investigation on nickel ore export expected this week

Published: Nov 4, 2019 16:05

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Much of the market focus has been centered on penalties for miners that privately traded quotas

SHANGHAI, Nov 4 (SMM) – The outcome of Indonesia’s investigation on “massive violations” of export rules that began two weeks earlier is expected to be revealed early this week, a source told SMM on Monday November 4.

Much of the market focus has been centred on penalties for miners that privately traded quotas, and whether miners that exported ore with a Ni content above 1.7% would be able to fulfil their remaining quotas.

The official reaction to non-compliance will impact the export volume of Indonesian nickel ore for the rest of the year.

Last week, mines with export quotas had recovered the loading of nickel ore with a Ni grade lower than 1.7%.

Market commentary Nickel ore

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