LSE:GLENMetals and Mining
Glencore Ferrochrome Restart Talks Put Power Costs And Earnings In Focus
Glencore's South African ferrochrome joint venture has provisionally accepted a lower electricity tariff after negotiations with Eskom.
The agreement could allow previously idled ferrochrome operations to restart, subject to regulatory and other approvals.
The potential restart would affect production capacity and employment in South Africa's chrome industry.
LSE:GLEN, trading at £5.641, is in the spotlight as investors consider what a ferrochrome restart could mean for the broader...