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South Africa’s once mighty chrome-to-ferrochrome industry, now threatened by an unexpected local oversupply of raw ore, is looking to get itself back on its feet by emulating what the Canadians did 40 years ago for their then teetering but now thriving Saskatchewan potash industry.
South Africa’s ferrochrome business is losing market share to China hand over fist and has been forced to temporarily shut furnaces left, right and centre.
Once the proud holder of a 50% share of the global ferrochrome market, the local industry now finds that China is stealing the show – ironically, with the help of South African ore.
China hosts no chromite deposits of its own, but imports the ore it needs from a string of countries.