Indonesian Nickel Export Bans May Aid Australia

The ban imposed on nickel ores and concentrates exports by the Indonesian government is likely to benefit the Australian nickel mining industry, says RNCOS.


Noida, UP -- (SBWIRE) -- 12/01/2014 -- Indonesia's implementation of its long discussed ban on mineral exports to support domestic processing will see fortunes rise for nickel miners. In 2012, the Indonesian Government bans the export of raw materials, and stated to stop foreign companies exploiting the resources and to bring processing in country by 2014. According to a new report by RNCOS, "Global Nickel Market Analysis 2016", this may imply good news for Australia and the Philippines. The Philippines is estimated an increase in sales of nickel as Chinese demand for nickel for the development of stainless steel is growing.

According to our report, CAGR of around 21% during 2014 to 2016 is expected for the Philippines Nickel Mine Production Market. Factors like rising commodity prices, margins for mining companies is expected to shrink because of higher taxes and rising labor costs in various countries. However, costs in the Philippines are not rising as fast as they are in competing suppliers like Australia and Indonesia. As a result, various companies are planning to source raw nickel from Philippines because of the lower costs involved.

The report, "Global Nickel Market Outlook 2016", by RNCOS which is spread over in 60 pages provides an in-depth research and rational analysis of the Global Nickel Market with forecasts till 2016. The report has been divided into global nickel industry and country level market segment. The global nickel industry section focuses on global nickel reserves, and future forecast of global nickel mine production, refined production and consumption.

Report also covers region-wise analysis of the global nickel mine production, refined production and consumption for the year 2013. The country level market section provides nickel mine production, refined nickel production, and refined nickel consumption in leading countries like US, Canada, Indonesia, China, Philippines, among others.; individually forecasted for a detailed outlook till 2016. Additionally, report also provides the overview and financials of leading players, such as Glencore Xstrata, Norilsk Nickel, BHP Billiton, Vale, and Jinchuan Group. Besides, the report also includes price movement and market drivers, to help the clients analyze the opportunities critical for the success of the nickel industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.