China’s imports adjust to reflect Indonesian ore ban: Andy Home
May 22 (Reuters) – Indonesia’s ban on the export of unprocessed minerals has been in force for more than four months, cutting off flows of nickel ore and bauxite to China.
The impact on the nickel price has already been huge.
On the London Metal Exchange (LME), three-month metal has staged a spectacular rally up and through the $20,000 per tonne level. Some of the short-term speculative froth has since blown off but at a current $19,750, the price is still up more than 40 percent on the start of the year.
Read more at: http://in.reuters.com/article/2014/05/22/home-indonesian-ban-idINL6N0O83ZO20140522
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