Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for January-March 2015 ferrochrome sales at 108 cents/lb, down 6% from the Q4 2014 price of 115 cents/lb, Merafe Resources said Friday.
The price of chrome concentrate and the basket price of platinum group metals should recover in 2015, which could mean fourth-quarter profit for the JSE-listed Tharisa Minerals should it achieve its number-one priority of steady state production.
India's Tata Steel Ltd resumed production from two of its four iron ore mines on Tuesday, a company source and a government official said, cutting a shortage that had forced the company to import the raw material for the first time.
The Chrome Ore Beneficiation Plant of Sukinda Chromite Mine of Tata Steel has won Second Prize in the prestigious National Energy Conservation Award-2014 in Mining Sector given by Bureau of Energy Efficiency, Ministry of Power, Government of India.
North America eclipsed China as the biggest producer of rare earth metal molybdenum in the second quarter of 2014, the International Molybdenum Association (IMOA) reports.
Price of Chinese low-grade silicon metal still shows a continuous fall in December, and the price meant for domestic consumption as of December 8 is down by CNY200 per ton from the end of the last month.