News24 Business | Glencore and Merafe mothball two ferrochrome smelters as power prices bite

News24 Business | Glencore and Merafe mothball two ferrochrome smelters as power prices bite

Glencore and Merafe Resources have resolved to close two struggling ferrochrome smelters next month.

Merafe puts two more smelters on ice as electricity prices bite

TWO more ferrochrome smelters owned by the Glencore/Merafe pool and share joint venture (PSV) will be suspended over the next month, representing another blow to the South African government’s ambition of increasing local beneficiation. In early March, Merafe warned shareholders it would complete a business review by May, which could result in more suspensions of operations. At that point, Merafe had 12 operating smelters left, after suspending …