Chrome prices could rise on Chinese, Indian demand – Tharisa ceo

South African chrome producer Tharisa expects prices to rise for the material over the next 12 months due to China's stocks being at a comparatively low level, ceo Phoevos Pouroulis told Metal Bulletin.

The company also benefited from new demand from China in the first half of its financial year, he said.
China remains Tharisa’s primary source of demand, where supplies are tight and stocks in ports have fallen to about 1.6 million tonnes, from 3.4 million tonnes in 2011.

Tharisa sold 549,500 tonnes of chrome concentrate in the first half of the year, of which 461,500 tonnes were exported to China. Demand from that country has  driven up prices for chrome concentrates....


Charlotte Radford

June 30, 2015

14:39 GMT