Krugersdorp plant converts furnaces to produce ferrochrome

As a result of the upward trend in ferrochrome prices, Krugersdorp-based processing plant Mogale Alloys – owned and operated by global vertically-integrated producer of speciality alloys Afarak Group’s African subsidiary, Afarak Mogale, has converted two of its four furnaces to facilitate ferrochrome production instead of silicomanganese. The price of ferrochrome dropped to $1.85/kg in September last year, recovering to $2.29/kg, last month.