South Africa entered a nationwide lockdown
at midnight on March 26 and ordered the country’s metals and mining operations to be placed on care and maintenance.
The African nation accounts for 60% of global chrome ore production.
A slump in demand from China has led to weakened UG2 chrome ore market in the recent month. But market sentiment was strengthened after mines and smelters across the country were ordered to shut down, while export activities for minerals have also been suspended
for the period of the lockdown.
Fastmarkets’ South Africa...