Japan’s Nickel Imports Surge In July

Reuters reported Japan’s nickel imports from Indonesia surged in July from the year before due to the arrival of cargoes delayed after Jakarta imposed new mining regulations.

As quoted in the market news:

An industry body in Tokyo said that nickel trade between the two countries was “returning to normal” after shipments slated for May and June were postponed as details of Indonesia’s new mining rules, announced in May, became clear.

The country has imposed an export tax on metal ores and prohibited the shipment of raw minerals unless miners submit plans to build smelters.

Click here to read the full Reuters report.