Tag: OMC’s chrome ore auctionresult

India: OMC’s chrome ore auction sees record premiums amidst high demand and limited supply

Mar 19, 2024

—

by

Anvita Pandey

in Chrome Ore

Today’s OMC’s chrome ore auction saw a remarkable allotment of 57,700t sourced from South Kaliapani and Sukrangi mines, fetching premium prices ranging from INR 100-19,500/t above the floor price. Sources indicate a surge in record high premiums, ranging from 26-83% above the base price, primarily driven by robust demand and constrained supply, particularly for higher…