Nickel prices soared this week on supply concerns after Indonesia the world s top producer announced the ban would start next year instead of 2024 in a bid to process more minerals at home Ending exports of bauxite used to make aluminium and copper concentrates is still slated for 2024
Get PriceWhile initially tabled as a blanket ban designed to bolster the long term domestic profitability of Indonesia s mining industry last minute regulatory changes diluted the ban to allow some industries to continue exporting unprocessed mineral ore The reprieve was extended to copper manganese iron ore lead and zinc concentrates and it low
Get PriceJakarta Indonesian President Joko Widodo Jokowi vowed that Indonesia will appeal the World Trade Organization WTO ruling on a trade dispute with the European Union EU over the ban on the export of nickel ore I have told the minister appeal Jokowi stated at the coordination meeting on national investment here Wednesday
Get PriceIndonesia a global leader in exports of mineral resources has banned its mining companies from selling raw ore abroad The law aimed at boosting domestic processing is likely to cost Jakarta huge short term revenue losses and cause mass lay offs There also expected global repercussions as the world s biggest exporter of nickel ore refined
Get PriceThe forging industry today urged the government to ban steel and iron ore exports as domestic steel prices shot up 25 30% in the last three months due to increased exports and squeezed supply in
Get PriceGENEVA Nov 30 Reuters The World Trade Organization recommended on Wednesday that Indonesia change measures including a ban on nickel ore exports in a dispute with the European Union
Get PriceGENEVA Nov 30 Reuters The World Trade Organization recommended on Wednesday that Indonesia change measures including a ban on nickel ore exports in a dispute with the European Union The EU launched its initial complaint in November 2024 against the export restrictions on raw materials notably a ban on exports of nickel ore as well as a
Get PricePrior to the imposition of Indonesia s ore export ban in January 2024 the country was the main exporter of nickel ore to China and the world s largest bauxite exporter at 49% of the global total exports in 2024 After Indonesia s ban Australia s market share of global bauxite production increased from 28 7% in 2024 before the ban to
Get PriceOn Sunday January 12th Indonesia s controversial ban on raw mineral ore exports took effect an hour after President Susilo Bambang Yudhoyono signed off on some eleventh hour exemptions The rationale behind the ban is to encourage the domestic processing of raw mineral ore into higher value metal products
Get PriceIn an attempt to build up Indonesia s smelting industry and encourage domestic processing of mineral ores and thereby increase tax revenue and jobs otherwise loss due to the exporting of ores to other countries for refining the Indonesian government announced in 2024 a raw ore export ban to take effect on January 12 th 2024 [1]
Get PriceReasons for Indonesia s Export Ban There are two main reasons behind the Indonesian nickel export ban policy The development of smelter technology in Indonesia will likely propel domestic demand for nickel ore Indonesia currently has 21 smelters out of the targeted 53 smelters in 2024 Domestic nickel ore demand from the increasing smelters
Get PriceFor copper and other more minor ores the ban likely would put upward pressure on prices both for the ores themselves and for downstream products in 2024 Indonesia accounted for 5 percent of the global copper ore export market and about 6 percent of China s copper ore imports but would not necessarily turn markets upside down
Get PriceThe full ban was delayed to allow concentrate exports such as copper iron sands iron ore manganese zinc and lead to resume until 2024 on condition that exporters provide evidence that they were committed to the development of the smelters But the ban was so disastrous that it was partly rescinded
Get PriceIndonesia s ore export ban may be suspended until 2024 Global Publication January 2024 The zigzags on Indonesia s raw ore export ban continue This month as D Day approached for the ban to be fully implemented the Indonesian government again made a last minute compromise the effect of which is to potentially suspend the full ban until 2024
Get PriceJAKARTA Jan 12 Reuters Indonesia among the world s biggest suppliers of natural resources halted all mineral ore exports on Sunday to try to promote domestic processing but
Get PriceBased on a 2024 mining regulation Indonesia is due to stop allowing the export of unprocessed ore starting Jan 12 2024 after giving miners a five year period to build smelters onshore They must finish building smelters Bambang Gatot the mining ministry s Director General of Coal and Minerals said on Thursday Advertisement
Get Priceexport ban on iron ore from indonesia 2024 05 21T17 05 11 00 00 Export Ban On Iron Ore From Indonesia Export Ban On Iron Ore From Indonesia Target customer satisfaction Eu Files Wto Panel Request Against Illegal Export Jan 14 2024 Since January 2024 Indonesia has introduced a full ban on exports of nickel ore reserving it for Indonesian
Get PriceIndonesian ore exports to June total 12 349 Mwmt Assuming this material to be all grading 1 7% Ni this equates to around 140 kt Ni The bulk of this material has been exported to China with
Get PriceNovember 25 2024 Indonesia wants to ban raw material exports of bauxite copper and tin This was announced by Indonesian President Joko Widodo on November 24 2024 An export ban on bauxite is to begin in 2024 Energy consumption by German steel manufacturers is to increase fivefold due to hydrogen production
Get PriceThe Ministry of Mines and Ministry of Steel have supported the lifting of the ban on export of iron ore from three districts of Karnataka citing the SC appointed Central empowered committee CEC
Get PriceIndonesia s Ore Export Ban and its Impact on Freeport Nov 15 2024· Indonesian Mining Industry 2024 2024 In an attempt to build up Indonesia s smelting industry and encourage domestic processing of mineral ores and thereby increase tax revenue and jobs otherwise loss due to the exporting of ores to other countries for refining the Indonesian government announced in 2024 a raw ore
Get PriceTEMPO CO Jakarta Indonesia s exports of steel products have increased rapidly in the last five years Last year steel goods exports increased to 5 2 million tons from 1 3 million tons in 2024 with production volume increasing from 7 9 to 14 million tons in the same period said I Gusti Putu Suryawirawan special staff to the Coordinating Minister for the Economy
Get PriceIndonesia banned exports of mineral ores including bauxite from Jan 13 2024 but China s customs data shows that it started buying bauxite ore from Indonesia from July 2024 China also produces significant amounts of the raw material within the country that is used to make aluminum products
Get PriceBased on a 2024 mining regulation Indonesia is due to stop allowing the export of unprocessed ore starting Jan 12 2024 after giving miners a five year period to build smelters onshore
Get PriceGovernment of Indonesia Opens Room for Iron Sand Exports Feb 26 2024 After the word spread that the government of Indonesia will reevaluate its export ban on mineral ore Indonesia s Ministry of Energy and Mineral Resources announced it will soon open room for exports of iron sand a type of sand with heavy concentrations of iron
Get PriceArticle Indonesia Export Ban on Unprocessed Minerals Comes into Effect Jan 23 2024 On January 12 2024 an Indonesian presidential decree prohibiting the export of unprocessed minerals came into force It had been signed by President Susilo Bambang Yudhoyono on January 11 at a Cabinet meeting
Get PriceSpeculation has now become reality within the nickel space with Indonesian officials declaring that the country will ban nickel ore exports as of January 1 2024 The ban was previously docketed
Get PriceSenior figures in Indonesia s minerals and energy ministry have recently indicated that metal ore and concentrate exports have ground to a halt since the imposition of the ban on ore shipments on January 12 manganese iron ore lead and zinc concentrates and it lowered the minimum processing requirements prior to export
Get PriceIndonesian tin industry groups on Monday asked authorities to consider implementing a planned tin ingot export ban gradually to allow the industry to develop domestic processing plants Indonesia
Get PriceThis export restriction together with a requirement that nickel ore be processed domestically in Indonesia has distorted global markets for nickel ore — a key input in stainless steel production — to the detriment of steel producers in the United States and around the world We call on Indonesia to end these trade distorting policies immediately
Get Price