Indonesia’s mining quota distribution has been delayed having reverted to an older approval process due to an ongoing investigation into illegal mining, a senior official said on Monday, assuring there was sufficient nickel ore for smelters.
Specifically, the price of sulfuric acid went up 18.1 percent in mid-August compared to the beginning of this month, while the price for liquefied petroleum gas increased by 10.9 percent.
Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.