FOCUS: Chinese chrome buyers face barriers to switching supply even with South African export tax

By IM Staff
Published: Thursday, 05 November 2020

It has been two weeks since South Africa’s cabinet approved a chrome ore export tax to support its chrome sector, and Chinese buyers say they would have little option but to accept the higher costs.

By Siyi Liu

China is the world’s largest chrome ore importer and would therefore bear the brunt once the export tax is carried through. But the East Asian country has no choice but to brace for the price rise because South Africa’s dominance in the chrome market has made it...

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