Tag: Merafe ferro chrome production
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South Africa: Merafe’s ferro chrome production drops 26% y-o-y in Q1CY24
In Q1CY24, Merafe, a key South African ferro chrome producer, reported a 26% y-o-y decline to 77,000 t compared to 103,000 t in Q1CY23 under the Glencore-Merafe partnership. This drop can be attributed to the Rustenburg smelter’s closure this year amid subdued market conditions.