Japan's Indonesian Nickel Ore imports rise four times in June: Customs data
Metal Recycling News | 2012-07-30 07:26:18
Japanese nickel ore imports from Indonesia advanced by more than four times from a year earlier to 136,600 tonnes in June this year, as per latest monthly customs data released by the Ministry of Finance on Monday.
By Paul Ploumis
TOKYO (Scrap Monster): Japanese nickel ore imports from Indonesia advanced by more than four times from a year earlier to 136,600 tonnes in June this year, as per latest monthly customs data released by the Ministry of Finance on Monday.
According to the Japan's Mining Industry Association, cargoes that had been delayed in the wake of the implementation of a new tax in Indonesia arrived in May and June.
Japan imported 3.65 million tons of ore in 2011, according to finance ministry data. Indonesia supplied 1.95 million tons, or 53 percent, followed by New Caledonia with 27 percent and the Philippines with 19 percent
Indonesia will stop ore export in 2014 under new mining law started in 2009. The ministry of energy and mineral resources announced in February 2012 the country would stop the ore export in 3 months.
The country finally allowed the ore export for eligible suppliers with official mining right and value adding plan while the country added 20% export tariff for ore export. During the procedure, the country stopped the ore export.
