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UG2 chrome ore still rising after platinum strike ends

June 27, 2014 - 16:44 GMT Location: London

KEYWORDS: ferro-alloys , steel-making raw materials

South African chrome ore prices continued rising on Friday June 27 as suppliers warned it will be many weeks before production returns to normal, following the end of South Africa’s five-month platinum mining strike.

UG2 chrome ore prices rose to $180-190 per tonne, compared with $170-180 per tonne on June 20 and $165-170 on June 6. Market sources in China said offers had reached $190 per tonne – and while limited business had been transacted at that level, the market is generally higher than $185. "The only product the Chinese are interested in is lumpy ore – and you can’t get lumpy in South Africa," a trader in Europe told Metal Bulletin. Suppliers...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


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