Antam Expects 50-percent Rise in Nickel Exports This Year

Reuters reported that a director at Indonesia’s PT Aneka Tambang TBK (OTCMKTS:PAEKY) said the company anticipates exporting 50 percent more nickel ore this year than it did last. The total is expected to fall in the range of 10 to 12 million tonnes.

As quoted in the market news:

‘We exported 6 million tonnes of nickel ore in the first half of this year, up 41 percent compared to the same period last year,’ Hendra Santika told reporters. ‘Hopefully it will become 10-12 million tonnes in the whole year.’

Santika said Antam’s 2012 nickel ore exports were 8 million tonnes, or about 17 percent of the country’s total nickel ore exports of 46.7 million tonnes for the year.

Click here to read the full Reuters report.