Chinese nickel ore import dropped due to Indonesia ban

Source: Bloomberg
© scanpics/FP
The import of nickel ore to the largest consumer of metals in the world, China, plunged to the lowest level since 2010, as Indonesia will no longer export unprocessed minerals. The demand in 2014 contracted 33% to 47.76 million metric tons. Last year China purchased a record amount of nickel ore from the Philippines, thereby making Southeast Asian nation their biggest partner.
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