On 12th January, a law banning ore exports from Indonesia came into effect. The impact will be greatest in the nickel market, where Indonesia has a dominant position as the second largest miner of nickel and the largest ore exporter. At the final hour, concessions were granted to exporters of concentrate giving them three years to comply with the export ban. This suggests little immediate disruption to Indonesia’s exports of copper, lead, zinc and iron ore, although steadily rising taxes on concentrate exports may eventually force change.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.