GLOBAL CHROME SNAPSHOT: Proposed South African ore tax halts price falls

An overview of the chrome ore and alloy markets and their latest price moves.

Weakening sentiment in the UG2 chrome ore market reversed after South Africa’s cabinet proposed an export tax on chrome ore. However, most market participants took a watchful stance before details of the tax were announced. Some UG2 buyers looked to purchase spot cargoes on the portside market, leading to a slight uptick in prices. The imported charge chrome market was quiet, while participants awaited the release of November...


Jon Stibbs

October 27, 2020

17:20 GMT