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2025-09-16 21:57:05
[Glencore and the South African government hold urgent consultations to deal with the impact of the power crisis on the ferrochrome industry] ⑴ Japie Fullard, CEO of Glencore's Alloys business, will hold talks with South African Minister of Power Kgosientsho Ramokgopa this Friday to discuss how to avoid large-scale layoffs at ferrochrome smelters due to soaring electricity prices. ⑵ The talks will focus on Glencore's joint venture with Merafe Resources Ltd., which specializes in processing chromium ore into ferrochrome, a key raw material for stainless steel production. ⑶ A spokesperson for the South African Ministry of Power has confirmed the meeting arrangements, highlighting the government's emphasis on ensuring the stability of the critical metal industry. ⑷ The continued surge in electricity prices in South Africa has posed a serious threat to energy-intensive ferrochrome producers and may lead to the loss of thousands of jobs. ⑸ As a core raw material for stainless steel, the production stability of ferrochrome directly affects the supply structure of the global stainless steel industry chain.
