Merafe reports 3 % increase in quarterly ferrochrome production
Sandton – Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the quarter ended 31 March 2023
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Ferrochrome
Merafe increases its ferrochrome production to 384kt in 2022
In its Commentary on results, Merafe Resources say that 2022 has been characterised by a number of uncertainties. The Russia/Ukraine
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Merafe increases 2022 ferrochrome production by 1.3%
Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture decreased by approximately 5.0% for the quarter ended 31
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Ferrochrome price announcement for the first quarter of 2023
Merafe Resources has advised that the European benchmark ferrochrome price for the first quarter of 2023 has been settled at
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Tight ferrochrome supply in October alleviated producer losses
SHANGHAI – The strong consumption of stainless steel extended after the National Day holiday, which prompted a further increase in the
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Ferrochrome price announcement for the fourth quarter of 2022
Merafe Ferrochrome has advised that the European benchmark ferrochrome price for the fourth quarter of 2022 has been settled at
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Ferrochrome production in SA remains flat during H1 2022
Global stainless-steel production decreased by 2.7%1 for the six months ended 30 June 2022 (“H1 2022”) compared to the six
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Higher ferrochrome prices improve Merafe Resources results
Merafe achieved a profit of R925 million for the six months ended 30 June 2022, as a result of higher
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GLENCORE: mixed results for half-year 2022
In Glencore’s Half-Year Production Report 2022, Chief Executive Officer, Gary Nagle wrote: “Overall production was mixed period-over-period (5 commodities up
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Glencore: nickel, coal production higher; copper, ferrochrome down
Glencore, in its First Quarter 2022 Production Report, says its own sourced copper production of 257,800 tonnes was 43,400 tonnes
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Glencore says ferrochrome recovered to pre-pandemic levels
Ferrochrome supply from South Africa, India and Europe recovered to pre-pandemic levels, resulting in global production growth of 15%year-on-year. This
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Glencore’s highlights its metals and minerals marketing activities
Commodity markets generally performed well throughout the year, bolstered by a widespread economic recovery, following the pandemic’s severe economic impacts
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Merafe Resources reports robust demand for ferrochrome in 2021
2021 has been a year of recovery for the Glencore Merafe Pooling and Sharing Venture (“Venture”), both from a financial
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Merafe driven by higher ferrochrome prices and higher volumes sold
Merafe Resources has advised that for the year ended 31 December 2021 (“current reporting period”), the company is expecting to
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Eti Krom to use solar energy for HC ferrochrome production
Yildirim Group, which owns chromium ore and HC ferrochrome assets in four countries (Turkey, Kazakhstan, Sweden and Russia) announced its
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MERAFE: Ferrochrome price increases by 15.4% for last quarter 2021
SANDTON – Merafe Resources has advised that the European benchmark ferrochrome price for the fourth quarter of 2021 has been
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Rustenburg ferrochrome furnace 5 will resume operations in Q3 2021
Merafe Resources says the Lydenburg smelter remains on care and maintenance for the foreseeable future, however Rustenburg furnace 5 will
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Merafe reports 66% increase in ferrochrome production to 199kt
Merafe achieved solid operational and financial results for the first half of 2021. Merafe recorded a profit after tax of
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Alloy consumption in steel may breach the US$100Bn mark soon
Crude and non-stainless alloy steels account for the majority of steel alloy demand, underpinned by the consumption of bulk alloys
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Chrome venture’s ferrochrome production increases by 65.6%
Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended 30 June 2021 increased by
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Chromium market to rebound back above 2019 levels
The COVID-19 pandemic saw varying regional impacts across the chromium supply chain, but the recovery trend has been underpinned by recovering
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MERAFE: Ferrochrome price announcement for Q3 2021
Merafe Resources has advised that the European benchmark ferrochrome price for the third quarter of 2021 has been settled at
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Chromite and ferrochrome closely follow developments in China
The recovery trend across the chromium supply chain has been underpinned by recovering stainless steel output in China over the
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China changes export taxes for ferroalloys
Chinese Ministry of Finance has publicized changes to duties on some steel products that came into effect from 1 May
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Roskill’s outlook for ferroalloys to 2030
Consumption of alloying metals in steel production, grew by an average 3.7%py between 2011 and 2019, to reach a record
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Tata Steel Mining to grow its ferrochrome manufacturing capacity
Tata Steel’s 100% subsidiary Tata Steel Mining, formerly known as TS Alloys , is firming up plans for aggressive growth
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Roskill’s outlook for ferroalloys to 2030
Consumption of alloying metals in steel production, grew by an average 3.7%py between 2011 and 2019, to reach a record
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Private energy may buoy South African ferrochrome
South Africa’s Department of Mineral Resources and Energy (DMRE) announced the selection of its preferred bidders for the Risk Mitigation
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Ferrochrome production decreased 11.2% year-on-year
According to Merafe Resources, South African ferrochrome production decreased by 25% year-on-year in 2020. Production was most heavily impacted in
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Electricity remains key risk for ferrochrome smelters
Electricity supply and pricing remain key risks for our business and the broader ferro alloy sectors. The electricity tariff increased
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