Nickel smelters association asks govt to delay new royalties implementation
The Indonesian Nickel Smelters Association (FINI) has requested the government to delay the implementation of new royalties on nickel ore until the price of nickel on the international market − the London Metal Exchange (LME) − reaches US$17,000 per metric ton in contrast to the current three-month nickel contract on the LME of some $15,600 per ton.