Fastmarkets will discontinue its fortnightly, inferred price assessments for MB-CHR-0004 chromite, foundry, 45.8% Cr2O3 min, wet bulk, fob South Africa, $/tonne (inferred) and MB-CHR-0006 chromite, refractory grade, 46% Cr2O3 min, wet bulk, fob South Africa, $/tonne (inferred) on Wednesday December 27, 2023.

Fastmarkets invited feedback from the industry on its non-ferrous and industrial minerals methodologies, via an open consultation process between October 5 and November 3. This consultation was done as part of our published annual methodology review process.

Dried and bagged chromite prices on a FOB South Africa basis rose slightly during the two weeks to Tuesday September 19, with market participants reporting rising production costs due to high diesel prices in South Africa and a weak rand

The publication of Fastmarkets’ chromite prices, fob South Africa was delayed on Tuesday August 23 due to a reporter error.

Chromite prices rose further in the two weeks to Tuesday May 31 on support from cost pressures and logistical issues in South Africa

Prices for foundry and chemical grade chromite have been slow to respond to the boom so far this year in the metallurgical market

After a one-month consultation period, Fastmarkets has amended the frequency of its chromite price assessments