India: OMC increases base price for upcoming chrome ore auction

OMC has adjusted the base price marginally for its forthcoming auction of 56,000 t of chrome ore from South Kaliapani and Sukrangi mines on 19 Feb’24.it has also increased the offered material volume by 10,800 t m-o-m primarily due to the inclusion of more low-grade ore. The base price increased by around INR 319-392 (2%) m-o-m for 44-54% grade material.