South African mining company Merafe Resources reported a decline in ferro-chrome production for the first half of this year, attributed to the idling of the Rustenburg smelter.
The Glencore-Merafe Chrome Venture produced 154,000 tons of ferro-chrome in the six months ending on June 30, marking a 17% decrease from the same period in 2023.
The company stated that the reduction in production was due to the Rustenburg smelter being non-operational this year, having been suspended because of "prevailing market conditions."
In the results for venture partner Glencore for the first six months of the year, the company noted that the Rustenburg smelter would remain shut "pending an improved price/cost environment."
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