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Japan worries Indonesia’s export duty on unprocessed ores
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It is reported that Japan has worried about the fact that Indonesia will impose 20% of export duty on almost all unprocessed ore, especially nickel, exported to Japan and China as well as other countries.
It would impact and damage Japanese economy for a long run.
According to data, Japan imported more than 50% of nickel from Indonesia for the stainless steel production purpose.
It’s known that Indonesia didn’t impose the tariff on products which were processed at refining plants in local market. The country planned to request all miners to build local smelters or to process ore domestically by 2014.
Besides, many small mining companies have stopped the operations due to the export tariffs issue at this moment.
News Date
6/20/2012 12:50:35 AM
reported by
Jacky Huang
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