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Indonesia may look to reverse fortunes

Governments always exert influence on markets, but take a look around the world today and it’s a sea of government meddling with Indonesia tipped to make an unwelcome return as its government considers interfering, again, in the nickel market.

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A ban on Indonesia's raw ore exports has stemmed laterite nickel shipments and helped support prices of the metal

For already shell-shocked nickel miners the prospect of a reversal of Indonesia’s embargo on the export of unprocessed ore is a nightmare in the making with an estimated 70% of nickel mines said to