Chrome metal prices explode

A tightly controlled market and increased demand has resulted in an explosion in chrome metal prices. European material was already booked at $9,000 per mt, and sellers were talking about $9,500 this month, all  c.i.f. The sales were mostly 20-100 mt.

It looks like Robert Yildirim has found a way to turn chrome metal into gold with its sales and marketing contract with Kluchevsky.

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alanpatrickryanCarlos Recent comment authors

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Carlos
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Carlos

Alan,
Can you elaborate a little more on what is causing the Cr prices to “explode” and what to expect for H2’18? Do you believe Delachaux and AMG are going to be impacted by the Yildirim/Kluchevsky partnership?

Any other comments on the Cr market is much appreciated.

thank you.

Carlos