OMG, did you see what’s happening to chrome

Not to be outdone by manganese, ferrochrome and chrome ore prices went to strong to explosive. Chinese prices, according to sellers, jumped to RMB9,500, well over a $1.05 per lb and Turkish chrome ore soared to $380 per mt. European prices were slight under or over a $1, depending on who was talking.

The narrative is that there is a shortage of both more and alloy after years of depression. No doubt the market is being squeezed and that is expected to persist for the immediate future. The question what is the length of the immediate future?

I guess Robert Yildirim was right when he kept pushing the price up, but he was also helped by the consolidation of the South African industry.

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