Indonesia’s recently announced ban on mineral ore exports is a bid to force foreign companies to invest in processing plants within the country – and not just send its mineral resources abroad for others to refine.
But it’s already having an impact far from Indonesia.
Metals indexes rose in Philippines, for example, a country with a nickel mining industry that stands to benefit from the Indonesia export ban.
“It’s the usual ‘one person’s loss is someone else’s gain,’” notes our correspondent covering Indonesia, the Philippines, and Taiwan.
But it ultimately may hurt China, which currently imports bauxite, among other things, from Indonesia – and has angered Jakarta by stockpiling loads of it.... For the rest of the story, continue reading at our new business publication Monitor Frontier Markets.