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Ferrochrome prices increase 15.4% for fourth quarter, says Merafe

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The European benchmark ferrochrome price for the fourth quarter of 2021 has been settled at $1.80/lb, a 15.4% increase from the third quarter, JSE-listed ferrochrome producer Merafe Resources said on Tuesday. Mining Weekly last month reported that steel production had recovered to prepandemic levels, resulting in robust demand for ferrochrome and chrome ore, and better pricing on both.

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