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#Nickel producer #Vale #Indonesia said Indonesia’s recent policy shift to allow ore exports is helping keep global prices of the metal low, and complicating efforts to establish partnerships for new smelter investments.

#Japanese miner #Sumitomo Metal Mining Co Ltd is partnering with Vale on a nickel processing plant in Pomalaa in Southeast #Sulawesi.

But “they are now more concerned about the calculations of their internal rate of return, because this is a $2 billion project,” Kanter said.

Read more at: https://www.reuters.com/article/us-vale-indonesia-nickel-idUSKBN1AP1AP