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30 May

Indonesia prioritises nickel index creation before planned export duties

The Indonesian government is reportedly pausing plans on nickel product export duties until a price index is in place to ease volatility tied to the London Metal Exchange (LME) benchmark. Speaking at an industry event in Jakarta, Septian Hario Seto, deputy minister of the Coordinating Ministry for Maritime and Investment Affairs of Indonesia, said the new index would be created by year-end, Reuters reported. “We are still asking for the proposal from each i…
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