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The realist
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The realist

Glencore has cornered (with Samancor through consolidation in SA) the majority of Ch Cr units being produced today as well as the large majority of the ore (Ug2) that the environmentally clean Chinese domestic FeCr producers have invested millions into in order to adapt their technology to make use of it. They are laughing all the way to the bank and holding back their units! STS mills around the world (outside of China) are well aware and worried about this and are looking to diversify away from Ch Cr and to make use of HC where possible as opposed to… Read more »

Tan
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Tan

It’s not about winning or losing, or about prices in the micro market. I would not be surprised even if it is more than Q2’s i.e. 1.42 US$/MT. There are so many other dynamics evolving. 24 hours ago a host of US SS products were dutied by EU. 4 week’s ago export tax policy has been initiated in SA. 2 week’s ago NERSA allowed ESKOM some recuperation. These macros will drive the micros and set them for a long time.