China nickel importers strike term deals with eye on Indonesia ore ban
The Southeast Asian nation has said it will ban unprocessed ore exports from January 2014, but is rethinking it in order to keep export revenues flowing in. On Thursday lawmakers rejected a government bid to water down the planned ban.
A ban on ore exports from next month will boost China’s demand for refined metal by hurting output of cheaper substitute nickel-pig-iron. Higher imports of spot refined nickel by the world’s biggest user of the metal could support global prices that have fallen nearly 20 percent this year.
Read more at: http://www.reuters.com/article/2013/12/05/china-nickel-idUSL4N0JK0SV20131205
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