JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb.
That represents a 16.7% decrease from the price of $2.16/lb for the second quarter.
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Merafe holds a 20.5% interest in the Glencore-Merafe Chrome Venture.
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Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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