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Base Metals: Nickel Prices Supported By Indonesia Export Law
Jul. 30, 2012 03:43PM PST
Base Metals Investing Reuters reported a change in nickel regulation in Indonesia has supported nickel prices on the London Metal Exchange recently.
Reuters reported a change in nickel regulation in Indonesia has supported nickel prices on the London Metal Exchange recently.
As quoted in the market news:
Japan’s imports of nickel ore from Indonesia grew more than four times from a year earlier to 136,600 tonnes in June, the Ministry of Finance’s monthly customs data showed on Monday.
Cargoes that had been delayed in the wake of the implementation of a new tax in Indonesia arrived in May and June, an official at Japan’s Mining Industry Association told Reuters last week.
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