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Indonesian export ban boosts nickel, tin prices
December 05, 2013 - 20:01 GMT
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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Euromoney Institutional Investor PLC.
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