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