Glencore cuts FY ferro-chrome production guidance amid SA power constraints

Glencore has slightly lowered its ferro-chrome production guidance for 2019 in anticipation of extended winter shutdowns and reduced power availability in South Africa.

The trader-miner reduced its output guidance by 50,000 tonnes to 1.64 million tonnes of ferro-chrome for the full year because of “additional maintenance and extended winter shutdowns, amid reduced power availability/challenges in South Africa,” it said on Tuesday April 30. This compares with actual production...

Published

Janie Davies

April 30, 2019

12:07 GMT

London