Philippines Nickel Asia is sold out Nickel Ore after Indonesian Ore Ban

Posted on January 22, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SYDNEY, Jan 22 (Reuters) – Philippine nickel ore producer Nickel Asia Corp is seeing a jump in enquiries after neighbour Indonesia banned ore exports this month, but is sold out and expects to benefit from the ban through higher prices, senior executives said.

Indonesia halted exports of nickel ore on Jan. 12 in a bid to force miners to set up downstream industries with the aim of reaping more value from its mineral wealth.

“We already have too much demand as it is and we’re not taking new orders,” Dennis Zamora, senior vice president of Nickel Asia, told Reuters late on Tuesday. “I think we’ll see the effect in price, not in volume.”