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Africa|Energy|Eskom|Renewable Energy|Stainless Steel|Steel|Sustainable|Technology
Africa|Energy|Eskom|Renewable Energy|Stainless Steel|Steel|Sustainable|Technology
africa|energy|eskom|renewable-energy|stainless-steel|steel|sustainable|technology

South Africa is duty-bound to win back lost ferrochrome market share

29th November 2024

By: Martin Creamer

Creamer Media Editor

     

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South Africa’s private sector once ruled the ferrochrome industry very convincingly, and rightly so, given this country’s chrome endowment and the major success it achieved in adding much value to that endowment. Then along came the totally unacceptable rise of electricity tariffs by errant public sector utility Eskom.

This knocked the bottom out of South Africa’s stunning leadership and demoted South Africa to being the biggest supplier of raw chrome ore to the new ferrochrome leader, China, allowing the Asian giant to take over the global ferrochrome leadership that used to be ours. Ferrochrome is the main ingredient of stainless steel and South Africa’s loss of ferrochrome leadership has coincided with long-lasting stainless steel winning recognition as a metal that contributes to the fight against climate change.

But with the coming of new smelting technology and renewable energy knocking Eskom off its monopoly perch, South Africa is now duty-bound to engage at public and private sector level to win back the thousands of jobs that have been lost by an irregularly managed Eskom and to seize the opportunity to benefit once again from long-term sustainable growth that chrome beneficiation continues to offer.

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Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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