Key facts
- South Africa's ferrochrome industry has secured an electricity tariff of 62c per kWh.
- The approval was confirmed by Japie Fullard, CEO of Glencore Alloys.
- The industry had been awaiting this tariff decision for a significant period.
The South African ferrochrome industry has finally secured an electricity tariff of 62c per kWh. Japie Fullard, the executive head of Glencore Alloys, confirmed this development, highlighting that the government's approval came after a significant waiting period for the sector. This new tariff is expected to influence the operational costs and overall economic viability of ferrochrome production in South Africa.