The chromite sand price raised in 2023

The chromite sand price was raised at the beginning of 2023. On February 9, 2022, South Africa declared a state of disaster nationwide due to worsening power shortages. At present, Eskom has to cut off a large number of customers’ electricity every day due to insufficient power supply. Affected by this, the production of major South African chromium ore companies such as Glencore, Rank York, and Samancor has continued to decline. The output of foundry-grade chromite sand is only 5% of the total output of chrome ore. So the supply of chromite sand is greatly affected by this. Due to a decrease in supply. The price of international chromite sand continues to rise. As of mid-February, the price of 46% chromite sand has increased by 12-15%. It can be foreseen that the price is going to increase in the near future.