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European benchmark ferrochrome price remains at $1.14/lb for the fourth quarter

18th September 2020

By: Tasneem Bulbulia

Deputy Editor Online

     

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The European benchmark ferrochrome price for the fourth quarter has been settled at $1.14/lb, a rollover from the third quarter, JSE-listed Merafe Resources said on September 18.

In July, Mining Weekly reported that the European benchmark ferrochrome price for the third quarter had been settled at $1.14/lb, a rollover from the second quarter.

In September, reporting its interim results for the six month ended June 30, Merafe noted that a slowdown in the global economy had contributed to reduced volumes of commodities sold, as well as lower released cost, insurance and freight ferrochrome and chrome ore prices.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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