Indonesia bans mineral ore exports, all eyes on nickel impact


JAKARTA: Indonesia, among the world's biggest suppliers of natural resources, halted all mineral ore exports on Sunday to try to promote domestic processing, but threatening the country's nickel and bauxite industries worth more than US$2bil in annual shipments.

Halting exports of nickel ore could spark the biggest shake-up in the global nickel industry in more than five years, with Chinese stainless steel factories that make everything from kitchenware to cars and buildings set to hurt the most.

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Indonesia , mineral , commodities , ban , nickel , iron

   

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