Indonesia sees surge in nickel-related exports after ore export ban

Indonesia’s ban on nickel ore exports could boost the country’s earnings from the metal five-fold in the next five years through growth in industries such as stainless steel and battery materials, a minister said on Wednesday.

In a move that threatens to cut global supply, the world’s top nickel miner said this week it would stop nickel ore exports from January 1, 2020, two years earlier than initially indicated, to promote more domestic processing.