Chrome ore prices rise again as traders stock up

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...

Published

Janie Davies

July 04, 2014

14:46 GMT

London