Tag: OMC’s chrome ore auction result

India: Buyers secure entire quantity at high premium at OMC’s chrome ore auction

Feb 19, 2024

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by

Anvita Pandey

in Chrome Ore

Today at OMC’s chrome ore auction, entire material of 56,000t from South Kaliapani and Sukrangi mines was sold at high premium of around INR 5,500-13,000/t from floor price. Sources reported that aggressive bidding occurred during the auction due to the combination of high demand and limited supply of chrome ore. The bid price has increased…