Indonesia was planning to export more than 15MT of nickel Ore in 2017
In August last results Indonesian metal exports only about 400,000 tons of steel a year, while china can do sold 750juta tons a year. Of course this makes entrepreneurs steel in Indonesia worry shortcomings export value of profits results in the can. Therefore, the Indonesian government is targeting to do sold 15MT of nickel ore in 2017.
In 2013 Indonesia has increased nickel ore hitting about 60 million tons. The government has also proposed allowing miners of copper, zinc, lead, manganese and iron to continue to export until 2022.
But many in Indonesia’s newly budding smelter industry say changing the rules would do more harm than good for Southeast Asia’s largest economy, possibly undermining metal prices and putting up to $12 billion in investments at risk.
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