European ferro-chrome benchmark drops to three-year low of $1.04 per lb for Q3

The European charge and high-carbon ferro-chrome benchmark settlement for the third quarter of 2019 has dropped 16 cents to a three-year low of $1.04 per lb.

The price is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa. The benchmark is a forward-looking price for the coming quarter and the latest settlement reflects increasingly bearish...

Published

Janie Davies

June 14, 2019

09:39 GMT

London