According to Chinese customs statistics, China imported 1.5362 million mt of chrome ore in October 2024, down 429,000 mt MoM (21.83% decrease); up 53,500 mt YoY (3.61% increase).
Chrome ore prices continued to decline in October. As of November 11, the average price of South African 40-42% chrome concentrate was 55.5 yuan/mtu, down 2.5 yuan/mtu from the beginning of the month.
South Africa’s mining industry will “certainly push back strongly” against Eskom’s proposed tariff hikes, says Minerals Council South Africa chief economist Hugo Pienaar. If granted, Eskom’s ...