Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Japan’s Nickel-Ore Imports From Indonesia Advance 81% in May

Don't Miss Out —
Follow us on:

June 28 (Bloomberg) -- Japan’s imports of nickel ore from Indonesia jumped 81 percent in May from a year earlier, finance ministry data showed, as buyers stepped up purchase before the Southeast Asian nation curbed shipments.

Inbound shipments of nickel ore from Indonesia soared to 200,176 metric tons last month, compared with 110,679 tons a year earlier, the finance ministry data showed today. Japan imported 171,685 tons of ore from Indonesia in April. Nickel is used to strengthen stainless steel.

Indonesia, the largest producer, said May 3 it would ban exports of some raw minerals effective May 6, with an exception for miners that plan to build local processing facilities. Those miners would be assessed for a 20 percent tax on ore shipments.

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, the data showed.

To contact the reporters on this story: Jae Hur in Tokyo at jhur1@bloomberg.net; Ichiro Suzuki in Tokyo at isuzuki@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.