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Reuters reported Sumitomo Metal Mining Co (TYO:5713) plans to increase nickel supplies from New Caledonia, the Philippines and the Solomon Islands.
Reuters reported Sumitomo Metal Mining Co (TYO:5713) plans to increase nickel supplies from New Caledonia, the Philippines and the Solomon Islands.
As quoted in the market news:
Japan gets more than half its nickel supply from Indonesia and its top two ferro-nickel producers, Sumitomo Metal Mining and unlisted Pacific Metals Co, are expected to take a major hit from Indonesia’s new 2014 export law.
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