Indonesia's nickel miners agreed on Monday to stop nickel ore exports immed...
JAKARTA - Indonesia’s nickel miners agreed on Monday to stop nickel ore exports immediately, the country’s investment agency chief Bahlil Lahadalia said, after Jakarta last month brought forward a ban on shipments to January 2020 from 2022.
“This agreement was carried out not on the basis of a letter from the government or technical ministry, but a joint agreement,” Lahadalia said. “Where the agreement is carried out by the nickel association with us the government.” A spokesman at the mining ministry, which issues regulations on ore exports, said he could not immediately comment.
China’s Tsingshan, the biggest smelter operator in Indonesia, will cut production by 20% starting in November due to scarcity of ore and as the rainy season begins, to maintain its levels of ore inventory, said a company official in Jakarta.
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