Bloomberg reported new data from Indonesia shows exports of nickel and ores slumped in June from the island nation.
As quoted in the market news:
Indonesia’s June exports of nickel and copper ores and concentrates slumped up to 90 percent, trade ministry data said on Tuesday, showing that new government mining rules have hurt shipments from a major metals supplier to China.
Exports of nickel ore, a raw material used in the production of stainless steel, dropped to 572,106 tonnes in June, down 80 percent from 2,851,924 tonnes in May, the data showed.
