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.