Ferrochrome production attributable to the Johannesburg Stock Exchange-listed Merafe Resources from the Glencore Merafe Chrome Venture for the six months to June 30 was a 17%-lower 154 000 t compared with the same period in 2023.

Own sourced nickel production of 44,200 tonnes was 2,200 tonnes (5%) lower than H1 2023; attributable ferrochrome production of 599,000 tonnes was 118,000 tonnes (16%) below H1 2023.

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.4 million tonnes (Mt) in June 2024, a 0.5% increase compared to June 2023.

Mining production in South Africa was flat year-on-year in May 2024, after an upwardly revised 1.4% rise in the prior month.

The latest report published by the World Metal Statistics Bureau (WBMS) shows that in May 2024, the global refined nickel production was 281,800 tons, the consumption was 283,500 tons, and the supply shortage was 1,700 tons.

Vale’s Q2 nickel production totaled 27.9 kt, 24% lower y/y, mainly reflecting the planned maintenance strategy at the nickel processing plants.

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165.1 million tonnes (Mt) in May 2024, a 1.5% increase compared to May 2023.

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 155.7 million tonnes (Mt) in April 2024, a 5.0% decrease compared to April 2023.