Chromite prices stable but supply-shortfall looms once stocks run down
Published: Tuesday, 12 May 2020
The chromite market was stable in the week ended Tuesday May 12, with very little activity heard. Underlying tightness in supply was expected to drive prices upward, however, despite weak demand.
Supplies of chromite material from South Africa have been
hindered by the Covid-19 pandemic lockdown in the country that
has been in place since March 26.
"Sentiment is up, especially for foundry material, given the
dire supply situation," a producer said. "And because chromite
makes up such a small proportion...