London — Rocketing ferrochrome prices are expected to accelerate consolidation among producers in SA, increasing the global stainless steel industry’s reliance on mining group Glencore and chrome ore firm Samancor. Nearly 60% of the world’s production of global chrome ore — used to make stainless steel raw material ferrochrome — comes from SA, where Glencore and Samancor are casting an acquisitive eye over smaller rival Hernic Ferrochrome.
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