Chinese firms speed up plans for Indonesian nickel refineries
HONG KONG, Jan 15 (Reuters) – Chinese firms are speeding up plans to build refineries inIndonesia to produce nickel pig iron, a substitute for higher grade refined nickel in stainlesssteel, after Jakarta banned exports of unprocessed ore.
However, plans by Chinese firms to build more expensive alumina refineries were proceeding less quickly, due to the much bigger investments required and caution over policy flip-flops in the Southeast Asian country, industry sources said.
Seeking to force miners to build processing plants in Indonesia, the country on Sunday banned exports of nickel ores and bauxite, the ore for alumina production, hurting its biggest buyer China.
Read more at: http://www.reuters.com/article/2014/01/15/china-nickel-indonesia-idUSL3N0KO1L520140115
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