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MELTDOWN
MELTDOWN
1 month ago

This is not to help the smelters in South Africa but a way for the South African government to get extra revenue. It is the same action the Indonesian Government did with Nickel Ore exports. South Africa has a 70 % Market share for Chrome ore in China Indonesia had a 60 % market share.No other country can replace South African Chrome Ore in China.
It is not the same situation with Iron Ore,Coal and even Manganese Ore they can all be replaced.