#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.

Read more at: https://www.reuters.com/article/indonesia-nickel/update-1-indonesia-drawing-plans-to-restrict-nickel-pig-iron-ferronickel-smelters-idUSL2N2O60EZ

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