Glencore-Merafe Chrome Venture is expected to benefit from energy deregulation in South Africa. A new report by Roskill states that the Glencore-Merafe Chrome Venture, which runs seven chrome mines and five ferrochrome plants in South Africa, may benefit in terms of market share from the progressive deregulation of the country’s energy landscape.
Chile’s Codelco closes troubled Ventanas metal smelter. The company now intends to shift its focus to producing more sustainable copper to meet surging demand.
Author Credits: Richa Gupta, Harshita Srivastava
Report ID: 1403
Published Date: Jul 26, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The increase in the production of stainless steel is one of the major factors driving the chrome ore market.
The market size of Chrome Ore is anticipated to attain a CAGR of 2.5% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Vale S.A., Freeport McMoRan, Anglo American, China Shenhua Energy Company (CSEC), Jiangxi Copper Corporation Limited (JCCL), Zijin Minning Group Company Limited, Corporacion Nacional Del Cobre De Chile (CODELCO), and others.
The chromite segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.