Mining group Xstrata and joint venture partner Merafe Resources have suspended more ferrochrome production due to weak market conditions.
Xstrata and its chrome partner Merafe Resources said on Monday they would suspend six ferrochrome furnaces in South Africa due to weak demand.
South Africa’s Merafe Resources said on Thursday it had agreed to take a stake in a plant producing chrome pellets with partner Xstrata Plc and issued 40-million shares to help…