Higher prices boost South African chromite revenues
Published: Monday, 06 March 2017
The rising value of chromite in November 2016 supported overall revenues as demand from foreign buyers continued to increase against a slowdown in domestic sales, according to customs data.
Production of high-grade chromite in South Africa fell in
November following a couple of months of growing mine output,
although rising prices led to a higher overall turnover despite
total volumes sold were flat.
Extraction of chrome ore with Cr2O3 grade between 44%
and 48% for the month of November stood...