The export ban, enacted on January 12
, has shut off a key source of nickel ore, leading to higher prices for refined nickel as the economics of the stainless steel supply chain are reshuffled.
There has been speculation that the ban could be relaxed by an incoming government following presidential and parliamentary elections this year. But Brian Chan, marketing director of PT Indoferro, dismissed this.
“We think the government stance on this will be pretty firm,” he said, speaking on the sidelines of the 15th Metal Bulletin Asian Ferro-Alloys conference in Hong Kong last week.
Firstly, he noted, none of the people running for president is proposing any change in the...