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He adds that chrome ore and concentrate prices have been soaring since the second quarter of 2016 on the back of strong Chinese demand and decreasing chrome stocks in China s main ports

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Chromite is important because it is the only economic ore of chromium an essential element for a wide variety of metal chemical and manufactured products Many other minerals contain chromium but none of them are found in deposits that can be economically mined to produce chromium

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South Africa is the dominant global supplier of chrome ore and ferrochrome which are irreplaceable components of China dominated stainless steel production South Africa s Chrome Production In 2017 South Africa delivered half of the world s production of chrome ore and has the capacity to produce 4 2 million tonnes of ferrochrome a year

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