Covid-19 halts chromite price slide

By Jon Stibbs
Published: Friday, 07 August 2020

The Covid-19 pandemic has reversed a long-term fall in chromite prices while supply dried up, but weak demand could cap continued price rises.

The chromite market had been severely oversupplied, which had weighed heavily on prices for several months, before South Africa went into lockdown at midnight on March 26.

Fastmarkets’ price assessment for chromite, foundry, 46% Cr2O3 min, wet bulk, fob South Africa stood at $180-210 per tonne on March 24, prior...

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