Merafe books record profit as ferrochrome demand outstrips supply
22 March 2022 - 09:43
Merafe Resources, the junior empowerment partner in a chrome joint venture with Glencore, says strong demand for ferrochrome and plant efficiencies helped deliver a record profit in 2021, and it is optimistic it can continue to respond to a buoyant market.
Global ferrochrome demand outpaced supply during most of 2021, with China, the largest consumer, also seeing its production hobbled for large parts of the year by an energy crunch...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.