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A cabinet minister stated that the government intends to ban the exports of chrome concentrate from July 1 next year to promote the company's investment in beneficiation facilities. Zimbabwe boasts the world's second largest reserves of high-grade chrome ore with reserves of approximately 10 billion mt, accounting for approximately 12% of the total.
Here are five Fastmarkets stories you might have missed on Monday May 24 that are worth another look.
Tata Steel Mining to double ferro chrome output April 16, 2021 Ferro chrome is used in the production of stainless steel - Udit Kulshrestha× To meet the growing demand of stainless steel manufacturers Tata Steel Mining (formerly TS Alloys), a wholly owned subsidiary of Tata Steel, plans to double its Ferro Chrome manufacturing capacity in India to 9 lakh tonnes per annum from the current level of 4.50 lakh tonnes per annum. The company had acquired three Chromite mines -- Sukinda Chromite Mine, Saruabil Chromite Mine and Kamarda Chromite Mine -- last year in the mineral auctions. The l...
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South Africa’s chrome ore export tax would boost investment in Zimbabwe’s chrome ore industry if it goes ahead, according to a majority of buy-side respondents to a Fastmarkets poll of UG2 market participants on the sector's outlook. Fastmarkets senior analyst Robert Cartman provides his take.