SHANGHAI, Nov 11 (SMM) – Indonesia has lifted the temporary suspension on mineral ore export that was implemented two weeks ago and announced to stick to the 2020 deadline for the export ban.
Exporters that comply with rules can resume shipments of nickel ore with a grade below 1.65%, according to Maritime and Investment Coordinating Minister Luhut Pandjaitan. Some traders have already started exporting the mineral again.
The following nine companies are expected to be the first batch of miners resuming exports, according to sources.
SMM expects the previously detained 50-60 vessels at Indonesian ports to recover their delivery in two or three batches.
Indonesian authorities temporarily stopped nickel ore exports on October 28 following an investigation into violations of export rules.
Nickel ore shipments from Indonesia soared since September, after the country decided to bring forward a ban on mineral ore exports by two years from initially indicated 2022.