Nickel – Reuters reported that Patrick Buffet, chairman and chief executive of France's Eramet SA (EPA:ERA), believes Indonesia's export ban is a positive development and will "eventually support nickel prices."
Articles Tagged "indonesia"
Nickel – Reuters reported that Indonesia's ban on unprocessed ore exports is set to send the value of its mining exports as low as $7 billion this year, from $11 to $12 billion in 2013. Prior to the ban, the country was the world's top exporter of nickel.
Nickel – Three-month nickel on the London Metal Exchange has largely moved upward in the wake of Indonesia's decision. Encouragingly, Vale believes further gains are to come.
Manganese – Platts reported that Kupang Resources Ltd. (ASX:KPR) is waiting for the Indonesian government to allow it to start exporting manganese ore from its West Timor project. In January, a ban was put in place on ore exports with manganese content of less than 49 percent.
Nickel – Reuters reported that France's Eramet SA (EPA:ERA) reported an operating loss of $61.71 million for 2013, down significantly from the $153-million profit it posted in 2012. The decline came on the back of low nickel prices.
Nickel – Bloomberg reported that increasing concern that Indonesia will "play hardball" with its ban on unprocessed ore exports has pushed London nickel prices to their highest level in two weeks.
Nickel – All eyes are on the Philippines now that Indonesia has banned exports of unprocessed nickel ore.
Willis Sparks, head of Macro-Economics at the Eurasia Group and Amy Hogan discuss what trends play a factor in these protests and how mining companies are dealing with the consequences.
Nickel – Quoting a report from Roskill, MINING.com notes that China's government may attempt to mitigate the effects of Indonesia's recent ban on unprocessed nickel ore exports by trying to get exemptions for some of its companies.
Nickel – Indonesia's long-awaited ban on the export of unprocessed ore has sent nickel market participants reeling and shares of nickel companies soaring.