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Molten metal flows at a ferronickel smelter owned by state miner Antam in the Pomalaa district of Indonesia's Southeast Sulawesi Province.   © Reuters
Economy

Antam faces test as Indonesia shifts mining policy

Resumption of nickel exports may upend corporate plans

ERWIDA MAULIA, Nikkei staff writer | China

JAKARTA -- Indonesia's surprise decision on the evening of Jan. 12, after the markets closed, to ease its mineral export ban sent ripples through Asia's nickel industry. Shares of nickel producers in the region plummeted the day after the announcement on fears of a sudden supply surge.

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