China Surpass SA and India as Top Producer for Ferrochrome

  • Monday, August 13, 2012
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  • Keywords:Ferrochrome FeCr SA
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China has become the world's largest ferrochrome production country. Although it has no chrome ore reserves

South Africa has about 75% of the world’s chrome reserves other producers are India, Kazakhstan, Zimbabwe, Turkey, Albania, Finland, Oman, Iran Pakistan and Brazil.

India's steel ministry, concerned over the depleting reserves of chrome ore has called for a complete ban of its chrome ore exports. India now have depleted chrome ore reserves to 38 million tonnes

An export duty of USD 100 tone on raw chrome ore was proposed in South Africa earlier this year. During the first half of the year, chrome ore exports to China were about 4.5 million tonnes, of which 2 million tonnes from South Africa.

The global ferrochrome supply and demand grew by 2% in the six months in 2012. China's ferrochrome supply grew by about 18% in 2012.

Albanian Minerals expect that ferrochrome supply and demand to grow by 5% each by the end of 2012.
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