March 2020

South Africa’s Covid-19 lockdown checks chrome ore, alloy price downtrend in China

The downtrend in the UG2 chrome ore price was capped in the week to Friday March 27 after South Africa entered a 21-day lockdown to combat the spread of the Covid-19 virus, also lending support to the Chinese domestic high-carbon ferro-chrome market.

IN CASE YOU MISSED IT: 5 key stories from March 27

Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.

GLOBAL CHROME SNAPSHOT: Europe market surges on supply fears following South-Africa shutdown

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 27.

Tharisa declares force majeure on chrome concentrate contracts

South African miner Tharisa has declared force majeure on its contracted chrome concentrate sales agreements in response to the nationwide lockdown announced this week.

IN CASE YOU MISSED IT: 5 key stories from March 26

Here are five Fastmarkets stories you might have missed on Thursday March 26 that are worth another look.

Glencore places some nickel, zinc, ferro-alloys ops on care and maintenance

Glencore is placing its Raglan nickel, Matagami zinc and South African ferro-alloys operations on care and maintenance in response to Covid-19, the company said.

Tsingshan holds April ferro-chrome tender price steady

Chinese stainless steel producer Tsingshan Group has kept its ferro-chrome tender price for April delivery flat month on month after domestic ferro-chrome producers expressed concerns of possible supply tightness and South Africa entered lockdown, Fastmarkets understands.

IN CASE YOU MISSED IT: 5 key stories from March 25

Here are five Fastmarkets stories you might have missed on Wednesday March 25 that are worth another look.

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.

IN CASE YOU MISSED IT: 5 key stories from March 24

Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look.