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Our exclusive commodity price data. Argus prices are used as trusted reference points that bring transparency to physical supply and derivative contracts, for mark-to-market purposes, as an indication of value for tax assessment, for risk management and strategic analysis and planning. In every market we cover, from crude to fertilizers, our ...
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The country first placed the nickel ore export ban in 2014, causing a price surge at the time, then relaxed it in 2017 under a quota system. ... PT Vale Indonesia and Sumitomo Metal Mining Co Ltd ...
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He said while the ban could support prices, he said he suspects that Indonesia may have to relent later on because there is not enough smelter capacity to refine ore for exports. "The view on nickel is not as clear-cut," he said, and lowered his price forecast for nickel over the next nine to 12 months at $15,000.
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Chinese ban on coking coal has led to a divergent trend in its prices as well as iron ore. ... Rao said steel companies would also gain from the Union Government's push for value-added exports ...
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According to Reuters, prices of nickel ore from the Philippines have more than doubled after Indonesia banned ore exports from mid-January. However, while the Philippines is a viable sourcing...
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It would take export delays of several weeks to bolster prices, traders said. Indonesia announced in 2014 a ban on ore shipments to push miners to build smelters to process ore locally, although it...
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Philippine mined nickel production is expected to increase further to 550,000 tons, from 2021 to 2025. "[This is] based on expectations that Indonesia's ban on nickel ore exports will continue to encourage Philippine producers to raise output," said Jason Sappor, an S&P Global Market Intelligence research analyst.
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Recently the government's priority has shifted to the nickel mining industry; Indonesia is the world's top producer of the metal used in stainless steel and lithium-ion batteries. Last year, the Southeast Asian nation banned ore exports amid a plan to develop a complete nickel supply chain, meaning raw ore that was previously destined for ...
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They are still ahead of the world in HPAL investment projects, especially in Indonesia, where Chinese companies are looking to process domestic Indonesian nickel given the export ban on nickel ore. In August 2020, GEM China signed a contract with PT Halmahera Persada Lygend (an HPAL plant on Obi Island) to supply between 74,400 and 178,560 mt ...
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Nov 19, 2019To create jobs and attract more investment, Indonesia recently banned most nickel-ore exports. After a similar ban in 2014, relaxed in 2017, the demand for pure nickel led to the spread of...
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Indonesia's refined nickel exports, including stainless steel rose 49% year- on-year in 2020 to 667,000 tonnes (Figure 13.4). Chinese investment has not stopped at processed nickel (ferronickel, nickel pig iron and matte) but has continued into stainless steel with two large producers now operating.
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The move in to Indonesia followed the January start to the country's ban on exports of bauxite unless there is local value-adding through additional processing, be it to the intermediate product ...
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May 5, 2014Nickel has enjoyed a solid price spurt in recent months, fuelled by fears over heavy supply disruptions after Indonesia -- home to around a fifth of total nickel production -- placed an export ban...
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The 1 Jan 2020 banning of ore exports (which was originally earmarked for 2022) puts ~10% of the total nickel market or 220kt of NPI exports (going to China) notionally at risk / to come from an alternate source over the longer term.
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Jan 12, 2014Jan. 12, 2014 JAKARTA, Indonesia — Indonesia, one of the world's biggest producers of minerals including gold, nickel, copper, tin and thermal coal, implemented a new law Sunday banning the export...
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Australia—Iron ore to China drives export performance ... Indonesia — Reform package may improve long term investment climate ... Hong Kong has also lifted flight bans and reduced quarantine requirements. But according to the International Air Transport Association, the likelihood of renewed domestic restrictions during COVID-19 outbreaks ...
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It includes the Prairie zinc-lead-silver deposit which is more interesting than it was thanks to metal price improvements since mid-January. ... Indonesia's bans on the export of unprocessed ...
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Indonesia could push back a ban on exports of copper and other mineral concentrates due to come into effect in January 2017 if miners have not built new domestic smelters. Skip to content Phone ...
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Commodities prices - from oil, natural gas, copper to gold and wheat - continued their robust performance in the first quarter of 2022 following Russia's invasion of Ukraine in February. The resulting instability saw commodities prices rally to fresh multi-year highs. On 8 March, the London Metal Exchange had to suspend nickel trading after the metal soared 70% in one day and briefly ...
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These measures include an export ban for nickel ore to preserve the precious metal for the domestic battery industry, developing a circular model to boost resource utilisation and reduce waste, and luring a number of international EV heavyweights to invest in the country.
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In chemistry, metal is a word for a group of chemical elements that have certain properties. It is easy for the atoms of a metal to lose an electron and become positive ions, or cations. In this way, metals are not like the other two kinds of elements - the nonmetals and the metalloids.
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The copper market is already expected to face a shortage from the middle of this decade, analysts have said, as demand from the global push for sustainability ramps up, with applications such as electric vehicles expected to require large quantities of the metal. Indonesia's sole existing smelter PT Smelting is located in Gresik, East Java.
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The Indonesian government last Friday offered Freeport FCX, +0.58% a new one-year export permit, but only if it agreed to new rules requiring it to build a new copper smelter in the country within ...
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SR Languyan Mining in 2019 stated that the island's ore reserves have been almost depleted due to continuous ore extraction for several years. The Philippines has been a supplier of nickel ores to China ever since Indonesia imposed a ban on the export of unprocessed minerals in January 2020. ... with up to date data on the most mined metal ...
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The Freeport mine in Indonesia. Photo: WikiCommons Nickel price soars. The joint venture issue aside, Musk is also worried about the current world price of nickel, with existing supply shortages and sanctions imposed on Russia for its invasion of Ukraine sending the metal to as high as $100,000 a tonne on March 8.
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Indonesian officials said on Tuesday October 29 that their country's ban on the export of nickel ore will begin in January 2020, as previously scheduled, once a review of irregular ore exporting practices is concluded. This reverses reports on October 28 that the ban would begin with immediate effect.
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Aug 9, 2021Citing a government document, CNBC Indonesia said 34 miners had been temporarily banned from exporting. In an Aug. 7 post on its website, the energy ministry said that sanctions had been issued on...
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A ban on nickel exports in Indonesia has further complicated matters by causing some stainless steel producers to move toward use of Class 1 resources over the nickel pig iron (NPI) they previously relied on from the nation, creating competition between the two end-use markets.
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Indonesia plans to ban exports of some unprocessed metals from 2014 — including copper, gold, nickel and tin — in a move to push firms to invest in local smelting plants and to gain greater value from exports of finished metals. ... which currently exports large quantities of unprocessed ore to countries such as China, is the world's ...
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India's steel import falls 36% to 7.4 MT in 2016-17. Export of total finished steel rose 102.1 per cent in April-March 2016-17 to 8.244 MT as against 4 MT in same period of last year and ...
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Indonesia refines its nickel market . Indonesia's bans on nickel ore exports — in order to promote production and export of value-added products — has long been discussed. However, 2020 and 2021 have really been the turning point for Indonesian refined production to reach maturity, largely with the help of Chinese investment (Figure 13.4).
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As noted, Russia in total accounts for 10 percent of global nickel production, behind Indonesia and the Philippines. While Russia is an important supplier, the price spike in nickel driven by the threat of disruption to supply through sanctions or the war itself in fact ignited a market that already was in deep deficit thanks to surging demand ...
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1. Introduction. Metals play a crucial role in the global material economy, yet their origin is still heavily tied to primary raw extraction from resources and reserves in the Earth's lithosphere (Graedel et al., 2011).In 2014, the global amount of metal ore extracted from Earth was estimated to be 8.2 billion tonnes ().Growing populations together with more good consumption per capita is ...
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SINGAPORE, Sept 2 (Reuters) - Indonesia may be able to plug an expected shortfall in nickel pig iron (NPI) supplies caused by its nickel ore export ban starting next year by boosting its own...
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The ban was first announced in 2014 but in 2017 the government said it would allow exports of low grade ore (less than 1.7 per cent content) up to 2022 provided that companies build smelters. A...
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SINGAPORE (Reuters) - Indonesia may be able to plug an expected shortfall in nickel pig iron (NPI) supplies caused by its nickel ore export ban starting next year by boosting its own capacity to...
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The country's exports of the metal and its products surged 36 per cent in November from the previous month, helping push global prices down 19 per cent in 2015. The ban would have to last longer...
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Executive Summary. Difficult economic circumstances have historically led Indonesian leaders to enact economic reforms, leading some to argue that bad times have resulted in good policy. But as Indonesian growth has slowed over the past year, the government has departed from this pattern, and is instead ratcheting up protectionist measures in ...
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World Risk Developments 2019. Two consecutive La Niña years have disrupted global food supplies and contributed to higher agricultural prices. La Niña brings heavy rains to most of Asia's agriculture producers and drought to many US and South American producers. Over the two years to July 2022, prices for US wheat have risen 49%, while ...
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