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Indonesian export ban boosts nickel, tin prices

December 05, 2013 - 20:01 GMT Location: London

KEYWORDS: Indonesia , nickel , tin , raw materials

The Indonesian ministry of energy and mineral resources has reiterated its intention to ban mineral raw materials exports from January, helping nickel and tin prices to gain ground.

Three-month nickel on the London Metal Exchange opened at $13,656 per tonne on Thursday December 5 and traded as high as $13,918 per tonne. It reached an official price of $13,840/50 per tonne and finished the kerb at $13,750 per tonne. The contract had settled at an official price of $13,585/90 per tonne on Wednesday. The ministry has published more than one release about the ban on its website, one of which carried the title: "Starting January 12, 2014 Export of...

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