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Nickel fell for the third time in fours days after unofficial counts showed Joko Widodo leading Indonesia’s presidential race, fueling speculation that the nation may ease its export ban on unprocessed ores.

Widodo has 53.3 percent of support with 99.4 percent of votes counted, according to Lingkaran Survei Indonesia. A tally by Saiful Mujani Research & Consulting had him at 52.9 percent. Widodo was seen as more “market-friendly,” and his election could mean better relationships for mining companies, said Garrett Nelson, an analyst at BB&T Capital Markets. Indonesia is the biggest producer of mined nickel.

Read m0re at: http://www.businessweek.com/news/2014-07-08/zinc-falls-from-35-month-high-as-rally-judged-to-be-overdone