Copying and distributing are prohibited without permission of the publisher

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...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful including:

  • Easy to use & drill-down navigation
  • Improved Price Book functionality
  • Better search & filter tools

Simply click 'Yes please' below to go straight to the BETA site (you can return to the original site any time you wish).