Nickel Price Influenced by Export Bans of Indonesia and the Philippines
It is possible that the nickel price will increase further in the next two and a half years but not certain as Indonesia’s export ban is old news by now. Furthermore there has emerged speculation that Chinese traders in Indonesia bypass the government’s export ban by labelling nickel ore as iron ore in order to continue nickel exports (causing a larger global nickel).
After implementation of Indonesia’s mineral ore exports ban, the Philippines has emerged as the main supplier of nickel ore to China’s massive nickel pig iron (NPI) sector.
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