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Latest Columns Philippines Mineral Ore Export Ban

  • Nickel Price Influenced by Export Bans of Indonesia and the Philippines

    Nickel Price Influenced by Export Bans of Indonesia and the Philippines

    The global nickel price declined 5.1 percent on Tuesday (09/09) after it became known that the Philippines would not implement a ban on exports of this commodity yet. Similar to Indonesia, the Philippines was preparing to implement a ban on exports of unprocessed minerals in an attempt to boost revenues (by exporting mining products with added value). However, it may take seven years before such a policy is implemented. This implies that the occurrence of a possible shortage of nickel on the global market in the coming years has diminished.

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