Zimbabwe Likely to Leave Chrome Export Ban in Place

Bloomberg reported that Zimbabwe will probably leave its chrome export ban in place in order to force local producers to process the metal within the country. The country has three smelters that together have an annual processing capacity of 1.5 million metric tons of chrome.

As quoted in the market news:

“I don’t think we will even consider lifting the ban on chrome exports,” [Mines Minister Obert Mpofu] told a mining conference in Harare today. “We can only encourage development of refineries and smelters here. It is not a good strategy to allow raw exports of anything.”

Click here to read the full Bloomberg report.

Get the Latest Chromium Investing Stock Information

Get the latest information about companies associated with Chromium Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2

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.

Leave a Reply