South African miners at a ferrochrome venture between Glencore and Merafe Resources reached an agreement to end a strike that will see the wages of the lowest paid workers almost double over the next three years, a union official said.

The $133 million contract will see Sedgman provide the design, supply, fabrication, construction, and commissioning of a sands benefication plant, port stockpile expansion, and associated infrastructure at the site.

[Ferro-Alloys.com] Chinese FeV was offered at RMB77,000-78,000/mt (USD12,622-12,786/mt, export duty excluded) by acceptance. Major steel mills entered the market for FeV, increasing tender volumes.

[Ferro-Alloys.com] Chinese FeMo price stabilized at RMB91,000-92,000/mt (USD14,918-15,081/mt, export duty excluded) by acceptance, after a brief slip.

Having faced innumerable troubles due to power shortages during the last three to four years, highly power-intensive ferroalloys units are now staring at mixed fortunes post bifurcation.

In the manganese triangle area, mainstream ex-work price of manganese flake stayed around RMB12400-12600/mt (USD2000-2032/mt). Market confidence

China has approved five new projects to build new infrastructure worth at least 51 billion yuan ($8.3 billion), the National Development and Reform Commission said on Nov 28th.

[Ferro-Alloys.com]As steelmakers in China proceeded to new round purchase on manganese alloy for December, it seems that alloy producers have less confidence on future market. Despit reducing output in south areas, given comparatively steady supply in north ar...