Minister of energy and mineral resources Ignasius Jonan has issued Regulation No. 5/2017 allowing export of low-grade nickel (below 1.7% Ni) and bauxite ores. Nickel price fell 3% immediately on London Metal Exchange (LME) to respond the policy, which might benefit some in the short-term, but compromising mid and long-term prospect of domestic smelter investments. To subscribe please click here
