Indonesia To Ban Molybdenum Exports As Of May 6

Bloomberg reported that Indonesia’s ban on unprocessed metals, including molybdenum, will begin on May 6.

As quoted in the market news:

The largest nickel-ore and bauxite supplier to China announced the prohibition in February, two years ahead of schedule. The new rules apply to holders of mining business licenses issued after 2009.

Click here to read the full Bloomberg report.

market news china

The Conversation (2)

Investor Last Name

17 Jun, 2013

Dealing with low caliber jurisdictions is like investing in low caliber management. You should expect to lose part or all of the wealth expose to them. Looks like Ecuador is giving hellhole Venezuela a run for their money when it comes to low caliber.