A“delicate” balancing act between chrome ore mining and stainless steel production may be under threat as South Africa changes its export tax regime to boost the commodity’s “welfare benefits” and to favour local chrome buyers instead of foreign buyers.
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...