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Merafe says third-quarter ferrochrome price 16.7% lower q/q

30th June 2022

By: Creamer Media Reporter

     

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JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb.

That represents a 16.7% decrease from the price of $2.16/lb for the second quarter.

Merafe holds a 20.5% interest in the Glencore-Merafe Chrome Venture.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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