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Indonesia’s ban on ore exports will probably remain in place and speculation that the curb may be relaxed if Joko Widodo becomes the country’s next president is misplaced, said Australia & New Zealand Banking Group.

Nickel fell as much as 2 percent in London on Wednesday as unofficial counts showed the Jakarta governor won the most votes in the world’s third-biggest democracy, putting him ahead of Suharto-era general Prabowo Subianto. While the market perceives Joko’s market-friendly policies as an indication that the ban will be lifted or at least watered down, that’s unlikely, analysts including Mark Pervan wrote in a note.

Read more at:  http://www.thejakartaglobe.com/business/indonesia-ore-ban-remain-joko-win-poll-anz-says/