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Chrome ore prices rise again as traders stock up

July 04, 2014 - 14:46 GMT Location: London

KEYWORDS: UG2 , AMCU , trade unions , platinum , steel-making raw materials

South African UG2 chrome ore prices rose again on Friday July 4 as traders built positions in anticipation of protracted tight supply.

Material traded at $185-190 per tonne, cif Chinese main ports, up $5 at the low end of the trading range since June 27. Prices have been rising since March, due to the five-month strike in South Africa's platinum industry, which yields UG2 as a byproduct. The strike was called...

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