Indonesia considers imposition of export duties on ferronickel and nickel pig iron
2022-01-14 13:44:14 [Print]
According to Indonesia's Deputy of Investment and Mining Coordination to the Coordinating Minister for Maritime Affairs and Investments, the government is considering imposing export duties on ferronickel and nickel pig iron as soon as this year.
A 2% export duty might be imposed if the nickel price is above US$15,000/ton, equivalent to US$300/ton. The duty rate will increase along with the nickel prices.
The decision to impose export duties was to push nickel miners to process products before exporting, or Indonesia's nickel ore reserves will be exhausted quickly.
A 2% export duty might be imposed if the nickel price is above US$15,000/ton, equivalent to US$300/ton. The duty rate will increase along with the nickel prices.
The decision to impose export duties was to push nickel miners to process products before exporting, or Indonesia's nickel ore reserves will be exhausted quickly.
Nickel Ore Philippine 1.8%min In port China
Unit:RMB/mt
China ferronickel producers' sales to production ratio statistics by province by month
Unit: %
