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Chromite prices sink to new low

April 03, 2009 - 00:00 GMT

KEYWORDS: chromite , prices , South Africa , Chromex

Non-metallurgical chromite prices fall amid ongoing weak stainless steel demand

 

Prices of non-metallurgical grades of chrome continues to be affected by the downturn in the global steel industry which consumes some 90% of ferrochrome production as most chrome ore, for both metallurgical and non metallurgical end applications, is manufactured by integrated ferrochrome producers.

 

Despite the poor conditions, Chromex Mining plc, an AIM-listed chrome mining company developing...

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