#Indonesia drawing plans to restrict nickel pig iron, ferronickel smelters
JAKARTA (Reuters) -Indonesia is considering a plan to restrict construction of smelters producing nickel pig iron or ferronickel in order to optimize use of its limited nickel ore reserves for higher-value products, a senior mining ministry official said on Thursday.
Indonesia is currently the biggest producer of the two crude metals, and a restriction on more smelters coming online could hit Chinese stainless steel producers who are among biggest customers for Indonesia’s relatively cheaper materials.
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