Glencore's ferrochrome output jumps 29% in Q3

Glencore plc, the majority shareholder in South African ferrochrome producer Glencore-Merafe Chrome Venture, reported a sequential rebound in its ferrochrome production in the July-September quarter, driven by the restart of its smelting operations in South Africa.

Glencore holds a 79.5% stake in the Glencore-Merafe Chrome, with the balance owned by South African chrome miner and smelter, Merafe Resources. Glencore's share of ferrochrome output from the venture reached 125,000 tonnes in the third quarter, marking a significant increase of 28,000 tonnes, or 29%, quarter on quarter as