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Africa|Business|Resources|Operations
Africa|Business|Resources|Operations
africa|business|resources|operations

European benchmark price for ferrochrome set for Q2

15th March 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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JSE-listed Merafe Resources advises that the European benchmark ferrochrome price for the second quarter of the year has been settled at $1.72/lb, an increase of 15.4% compared with the previous quarter.

Merafe’s business has a 20.5% participation, through its wholly-owned subsidiary Merafe Ferrochrome, in the earnings before interest, taxes, depreciation and amortisation of the venture in which Glencore Operations South Africa has a 79.5% participation. 

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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