Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
Mining and metals conglomerate Eurasian Resources Group (ERG) is shutting down for three months one of the bauxite mines supplying feedstock to its alumina plant in Pavlodar, Kazakhstan, the company said on Tuesday.
The Torgai mining division accounts for 3.4% of the plant’s bauxite supply, ERG said in a statement, adding that the move was a result of a decline in the prices of alumina and aluminium.
ERG’s Pavlodar plant produces 1.5 million tonnes of alumina a year, which it splits between ERG’s own smelter in the same city and buyers in Russia and China.
(By Mariya Gordeyeva and Olzhas Auyezov; Editing by David Holmes)
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