Indian Metals & Ferro Alloys Limited: Ratings reaffirmed; outlook revised to Stable.

China’s share of Ferrochrome imports used to be much greater, but Chinese local Ferrochrome production has continued to grow whilst South African production continues to fall because of rapid increases in the price and unreliable nature of electricity supply...

Statistics of chromium ore production in South Africa in 2020

The benchmark price of ferrochrome in Europe in the first quarter of 2021 was set at US $1.175/pound, up 3.1% from the fourth quarter of this year.

The South African Rand was flat in early trading on Wednesday, breathing after rebounding from a weaker dollar the previous day.

According to a caterpillar blog post, the daily handling capacity of 7495 electric rope shovel can reach 127000 tons.

Due to rising demand for ferrochrome, state-owned mining companies OMC raised the January bid base price for chrome ore.

January 7, 2021, delays at border with Mozambique hinder chrome shipments.