EU ferrochrome hits a two-year high and is still on an upward trend

The ferrochrome business of diversified mining and marketing company Glencore, which uses a substantial amount of electricity, is evaluating various clean energy projects, Glencore Alloys CEO Japie Fullard said during this week’s Glencore media conference.

This week, the price of chromium continued to be high.

Inner Mongolia adjusts electricity price policy of some industries and ferrochrome smelting cost increases.

The output of ferrochrome and stainless steel dropped in 2020.

Global miner Glencore says its mining as sets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production.

In February, the dual control pressure of energy saving in Ulanqab city increased.

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.