Indonesia To Keep Nickel Export Law

Bloomberg reported an Indonesian Supreme Court ruling will maintain a tight nickel ore export law.

As quoted in the market news:

Under the export rule, the government has issued permits for shipments of 42.53 million tons of nickel ore, 5.82 million tons of iron ore, 1.28 million tons of copper and 16.39 million tons of bauxite since the decree took effect in May, Deddy Saleh, director general of foreign trade at the Trade Ministry, said Nov. 2.

Exports of nickel ore from Indonesia rose 8 percent to 21.1 million metric tons in January to August from a year earlier, the Trade Ministry said Oct. 5.

Click here to read the full Bloomberg report.