Negotiations to end the historically largest strike in the South African mining industry are approaching completion. Heads of the largest platinum mines and labour union representatives have nearly come to a compromise. The strikes in North West province entailed substantial losses in exports for mining companies. Workers are outraged by the reluctance of their employers to raise salaries.

Now, market players are trying forecast what the South African market for chrome ore will become after the end of the strike. Stronger supply following the relaunch of previously idle mines will make prices edge down, especially in the concentrate segment, a few traders believe. However, some suppliers keep hoping for a rise in prices prompted by higher production expenses.

Currently, lump ore (36-38% Cr2O3, Cr/Fe ratio is 1.4-1.5:1 min) is priced at $175-180/t CIF China. The ore (38-40% Cr2O3, Cr/Fe ratio – 1.4-1.5:1 min) is available at $195-200/t CIF China. Concentrate (40-42% Cr2O3, Cr/Fe ratio – 1.4-1.5:1 min) is quoted at $150-160/t CIF China and the 42-44% Cr2O3 one with minimal Cr/Fe ratio of 1.4-1.5:1 is still priced at $185-190/t CIF China.

• [Editor:Juan]