Indonesian nickel smelters turn to Philippines for ore as local supply tightens

Aug 30 (Reuters) -

Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain.

Jakarta recently delayed the issuing of mining quotas and suspended operations at a key site of state miner Aneka Tambang (ANTM.JK) (Antam) after an investigation into corrupt practices in issuing mining allowances.

Source: https://www.reuters.com/markets/commodities/indonesian-nickel-smelters-turn-philippines-ore-local-supply-tightens-2023-08-30/