Business Day reported on the pros and cons of setting up a chrome exchange in South Africa.
As quoted in the market news:
Ferrochrome producers have proposed the tariff as an interim measure to give the entire industry, along with various government departments, time to thrash out a solution on how to deal with chromite ore exports and ensuring the survival of the domestic ferrochrome industry. One train of thought is that producers of chromite ore could earn export credits by selling ore to domestic ferrochrome producers or setting up smelters to make ferrochrome, limiting ore flows to China.
|Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.|