Indonesia Plans To Review Unprocessed Metal Ore Export Law

Reuters reported Indonesia will review its raw mineral ore export ban following a supreme court ruling upholding a challenge against the government ban.

As quoted in the market news:

The court decision could pave the way for a resumption of exports by small mining companies, which were hit hard by the restriction imposed in May by Indonesia, the world’s largest exporter of nickel ore and a significant exporter of bauxite and iron ore.

The ruling is likely to prompt further uncertainty in a $93 billion sector reeling from a series of regulatory changes this year, although it is unclear whether it will lead to an immediate increase in exports.

Click here to read the full Reuters report.