Nickel is surging after Indonesia said it will ban exports of the metal from January

By Metal

Nickel is surging after Indonesia said it will ban exports of the metal from January

Nickel prices surged to a five-year high on Monday after Indonesia said it would ban exports of nickel ore from January 1, 2020.

Indonesia’s move comes two years earlier than expected, as Jakarta aims to build up local resources.

The southeast Asian country is the second-largest producer of nickel ore in the world, behind the Philippines.

Markets Insider

https://markets.businessinsider.com/news/stocks/nickel-hits-5-year-high-after-indonesia-bans-exports-2019-9-1028492787

Indonesia to ban nickel exports from January 2020 – Business – The Jakarta Post

https://www.thejakartapost.com/news/2019/09/02/indonesia-to-ban-nickel-exports-from-january-2020.html

https://www.nikkan.co.jp/articles/view/00530173

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