Merafe Resources’ ferrochrome output severely hampered in H1

Thursday, 30 July 2020 12:22:53 (GMT+3)   |   Istanbul
       

South Africa-based ferrochrome producer Merafe Resources, which holds a 20.5 percent share in Glencore-Merafe Chrome Venture, has announced its production results for the first half of the current year.

Accordingly, in the January-June period this year, its ferrochrome production declined by 41.7 percent year on year to 120,000 mt. Such a significant decrease was a result of production cutbacks in response to Covid-19, deteriorating market conditions and electricity curtailments.


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