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    market news

    Japan, Indonesia in Dispute Over Nickel Ban

    Investing News Network
    Jun. 12, 2012 12:32PM PST
    Base Metals Investing

    Bloomberg reported Japan has asked Indonesia to remove restrictions on nickel exports or it will file a complaint with the World Trade Organization.

    Bloomberg reported Japan has asked Indonesia to remove restrictions on nickel exports or it will file a complaint with the World Trade Organization.

    As quoted in the market news:

    Indonesia’s curbs on some ore exports from May 6, combined with a 20 percent tax on the remainder, may increase costs for metal smelters in Japan, the world’s third-largest economy, Ueda said. The resource-poor nation also suffered when China’s restrictions on exports of rare earths sent prices soaring and complained to the WTO this year.

    Click here to read the full Bloomberg report.

    market newsnickel exportschina
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