Indonesian Nickel ore exports decrease due to tax

Indonesian nickel ore and copper ore exports decrease due to export tax in this country.
A 20 percent export tax on various commodities resulted in commodity exports from Indonesia have declined dramatically. According to data from the Ministry of Commerce of nickel exports fell in June compared with the previous month by 80 percent to 572 000 tonnes. Exports of copper fell by 90 percent to 20,000 tons, Commerzbank reported in Commodities Daily. Bauxite, a precursor of aluminum was no longer shipped.


Indonesia is the world's third largest producer of nickel mining. With the "Grasberg Mine," where the second-largest copper mine in the world is run. When bauxite is one of the world's second largest producer. From 2014, the country is planning an export ban on metal ores. Indonesia wants more ore processed in the country itself, so that higher quality goods are exported.
Analysts see the measures for the largest customers of China not having any problems. The Middle Kingdom has established before the introduction of export tax on raw materials, various precautionary record-high inventories.