04
May
13:18
Glencore reduces 2020 ferrochrome production guidance
Glencore is guiding for ferrochrome production in South Africa of 1 million tonnes in 2020, accounting for the latest expected business interruptions due to the Covid-19 pandemic. This compares to previous guidance of 1.34mt.
In the first quarter attributable ferrochrome production of 388,000t was down -3% on-year.
Glencore’s South African ferrochrome smelter was in care and maintenance throughout April as a result of the country’s Covid-19 lockdown (…
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