Japan, Indonesia in Dispute Over Nickel Ban

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.