3 items across 5 digests
South Africa's energy regulator Nersa approved Eskom's concessionary tariff framework for two ferrochrome producers on Friday. This pricing arrangement could reduce production costs for ferrochrome smelters, potentially affecting global stainless steel supply chains that depend on this critical alloy component.
Glencore-Merafe Chrome Venture postponed planned layoffs at ferrochrome smelters until March 31 after Eskom offered a reduced electricity tariff of 62c/kWh. This highlights the critical role of energy costs in mining operations and potential supply chain stability for chromium.
Eskom extended an eleventh-hour 62c/kWh tariff offer to major ferrochrome producers Glencore-Merafe and Samancor. Negotiations on precise terms and conditions still need finalization before the electricity package can be implemented.
DailySand