South Africa’s coronavirus-linked lockdown stokes fears of supply tightness in China chrome market

Chinese chrome ore buyers have expressed concern at the possibility of supply tightness emerging in the coming months following news that South African mines and furnaces will shut amid a nationwide lockdown later this week.

South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26, with the country’s metals and mining operations to be placed on care and maintenance. The move is in response to the spread of novel coronavirus (2019-nCoV) in the country, President Cyril Ramaphosa said in an address to the nation on Monday.
The African nation accounts for 60% of global chrome production and the announcement to shut all of its mines has led to a sudden pick-up in inquiries for chrome ore, the raw material used to produce ferro-chrome.

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Siyi Liu

March 25, 2020

03:51 GMT