Indonesia Stocks Fall, Plans to Ban Nickel Export

Bloomberg reported the Jakarta Composite Index sand 1.7% on Friday, the most since January  on the announcement Indonesia plans to ban export of raw materials like nickel.

As quoted in the market news:

PT Aneka Tambang (ANTM) , a gold and nickel producer, lost 2.6 percent to 1,860 rupiah. Indonesia will ban exports of raw metals, including copper and nickel, starting in 2014, according to a decree signed by the nation’s energy ministry on Feb. 6 and posted on its website yesterday.

Click here to read the full Bloomberg report.