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Flipflopping Nickel Policy Editorial The Jakarta Post. Sep 06 2019 The 2009 Mining Law actually requires a total export ban on nickel ore and all other raw minerals including copper and bauxite by
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Nickel futures fell towards 17000 per tonne a level not seen since the end of April on higher supply prospects. The head of the Philippines Mines and Geosciences Bureau plans to lift an open-pit mining ban that has constrained nickel production in the country since 2017. Earlier President Duterte lifted a moratorium on new mining agreements that had prevented investments in the country .
LME Nickel traded close to 18000 in late June after rebounding from an over 3-week low earlier this month on signs of a tightening nickel market. On the demand side Chinas import premiums for full plated nickel cathodes which measures the arbitrage window between Shanghai and London jumped more than 10 in the week ending June 22nd. On the supply side operations at Vales nickel .
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