LME nickel price shrugs off shock start to Indonesian ore export ban

摘要

The Indonesian government has brought forward its ban on ore exports, initially to be implemented in 2022 but then advanced to January 2020, and imposed the prohibition with immediate effect on Monday October 28. Exports of raw ore from Indonesia will cease immediately, with any material due to leave the country to be bought by domestic smelters at an internally agreed price, investment agency chief Bahlil Lahadahlia said on the same day.